Wall Street has a gender gap in accountability, too

Apr 18, 2017

Sections Finance

Among financial advisers, women are less likely than men to have a record of misconduct, but those who do are punished more severely than their male counterparts. Female advisers who commit misconduct are more likely to lose their jobs and to remain unemployed, even though misconduct by females is generally less costly than that by males, and females are less likely to be repeat offenders. Where does this gender gap not exist? In firms with significant female management.