Comment by chabska
6 hours ago
The point is that it's the job of the democratic legislature to codify what you just stated here into law, so that all money managers have to abide by this standard, not just those that have a personal conviction for it. That's the essence of rule of law.
You can't have a functioning government if it's elected by a corrupt society. Exhibit A, current US situation.
There is room for both. Not every aspect of morality needs to made law, as significant portions are subjective and debated. Law should be a least common denominator.
This leaves room for individuals to act in accordance with their morals above and beyond the law.