Abstract
In April 2014, Michael Lewis released the high profile book “Flash Boys” on how investment brokerages colluded with stock exchanges and high-frequency traders to the detriment of other investors and the stability of the market. Accounting educators can incorporate the lessons from the high frequency trading scandal to reinforce the importance of organizational trust, simplicity, and personal ethical responsibility in the face of a culture of legalism, complexity, and herd mentality. The lessons can further be applied toward internal controls and building an ethical tone-at-the-top as part of the 2013 Committee of Sponsoring Organizations internal control framework.
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