The hearing was on a bill
banning such conflicts of interest.
Not exact matches
«The SEC's rule wouldn't
ban any single
conflict of interest,
such as sales contests that brokers conduct to juice sales
of particular products, but would generally require brokers to disclose
conflicts of interest and try to blunt their impact,» Dave Michaels, WSJ, wrote.
The EU seals
ban is — in short — a prime example
of a
conflict resulting out
of globalization: as a result
of extensive economic ties between countries, people on one side
of the globe become aware
of activities on the other side that are objectionable in their view, and no longer wish to be a part
of those objectionable activities, which decision in turn affects the economic
interests of those engaged in
such activities.
This suggests that jurisdictions adopting non-lawyer ownership should consider
banning, or at least more heavily regulating, this type
of ownership where the potential for
conflict of interest is high,
such as insurance companies owning personal injury law firms.