Yes but not necessarily for traders.
Cheat, lie, break the law? Chances are, you're rich
The wealthy really are different from everyone else: They’re more likely to cheat, lie, and break the law. At least that’s the unflattering conclusion of a team of professors from the University of Toronto’s Rotman School of Management and the University of California, Berkeley, who ran a battery of tests involving more than 1,000 people, seeking to answer the question of whether being rich or poor influenced ethical behaviour. In results from seven separate studies, they found a consistent tendency among those they termed “upper-class” to be more likely to break the law while driving, take valued goods ... (full story)