In a new episode of the Financial Planning podcast, lawyer Bill Singer explains why financial fraud can be difficult to prevent — for investors and the Securities and Exchange Commission.
Singer is a securities lawyer. Previously, he worked as a regional attorney for the New York office of FINRA’s predecessor, the National Association of Securities Dealers. He also runs a blog called
To help advisors understand the causes and nature of financial fraud, FP reporter Julie Coleman asked Singer these four questions:
- Why is fraud so difficult for wealth managers to detect and prevent?
- How can advisors help regulators and law enforcement catch fraudsters?
- What is the craziest case of fraud you’ve heard of?
- The SEC seems to be releasing a lot of fraud cases — what do you think is the reason for this?
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