Some penalties, while brutal, are fair
If the firms decided to take shortcuts — and in the recent F-Squared case it seems like they did — they should be held accountable.
The financial advice industry is among the most highly regulated in the country. At times, the advice business can seem like a never-ending struggle to satisfy demanding bureaucrats.
In some cases, the actions of regulators can seem heavy-handed, arbitrary and even unfair. Recently, a group of asset
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