ESSAY QUESTIONS - ETHICS Lewis Archer is an outside auditor who discovered various irregularities in his recent review of Busey Energy Futures. Among other things, on review of Busey’s 401(k) investment fund, he discovered that approximately 70 percent of the funds were invested in stocks of companies that were actually set-up and owned by the members of the Busey board of directors. Further review indicates that these companies were set-up for the express purpose of hiding Busey’s own debt. Simply put, he has discovered another potential Enron situation. However, before reporting his findings to the proper authorities he calls his brother who owns an investment firm, and for whom he does some consulting work on the side. He instructs his brother to sell any stock his clients have in Busey and the shell companies. Lewis then waits a day before reporting the findings to the proper authorities. Are Lewis’s actions ethical in this case? Why or why not? Solution Lewis knows for fact that Busey is conduting illegal actions on the way they have set their company and by telling his brother this informaiton to protect his customers he is being unethical (even though he is doing it for a good cause) Even more, he waits 1 day to report this to the authorities, that is wrong. Lewis is unethical for those 2 reasons, first he tells his brother private information and second he waits 1 day to tell the proper authorities..