Opening the Door for More Ponzi’s?!

Is that even possible? According to a bunch of attorneys attending the Financial Services Institute conference in New Orleans this week… yes, it’s not only possible, it’s probable. The discussion involves proposed regulatory reform that would give states greater oversight of RIAs. Problem is that some states may not be well-equipped to do so, leaving the door open to those nasty Ponzi artists showcased here on FC. See more in Investment News. http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20100126/FREE/100129913/1094/INDaily01