In this game of high-stakes "tag," there are no more hiding places and lots of "Its."

For fund firms that might have erred in judgment or flat-out committed crimes, there's nowhere to run now. Federal and local regulators are joining the bandwagon in droves, looking to simultaneously clean up a wayward industry and attach themselves to the growing crusade for investors' rights.

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Insight and analysis into the management, marketing, operations and technology of the asset management industry.