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Can ethics be legislated?

Can ethics be legislated?


Distinguish between each of the following pairs.  What exactly makes them different?  Why?  Note: Do not cut and past your reply from the internet or the text or you will not receive credit.  I am interested in your own opinion.

Spot market and futures market

Option contract and futures contract

Primary market and secondary market


Can ethics be legislated?  What about SOX?  If it follows all applicable rules and regulations is a company ethical?