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The Biltmore Capital fund was dissolved at an almost total loss, but not before Caleb Overton raised $2.2 million from 10 investors.

State Treasurer John Chiang says that Wells Fargo is keeping patterns of abuse hidden from view by resolving customer disputes through private arbitration.

Matthew Michela is CEO of lifeIMAGE, a Newton, Massachusetts-based company providing solutions for medical image exchange.

The liquidations are part of an ongoing process to ensure its products meet their clients' evolving needs, the firm says.

Mike Schnitzel serves as a contributor to Mergers & Acquisitions. He focuses mainly on the financial markets.

The proposals failed to show how exchanges would “prevent fraudulent and manipulative acts and practices," the commission said.

Thaddeus King is an officer with the Pew Charitable Trusts’ consumer finance project.

Samuel Bakken is senior product marketing manager for OneSpan.