Is there ever such a thing as closure when it comes to scandals? Maybe a better question is, do financial services executives become increasingly diffident about regulatory matters as the list of offenders grows longer and the severity of the infractions appears to wane?

Especially following recent news of even more troubles with mutual fund market timing, fund executives may be even more anxious to see an end to the fund scandal. Take a peek into the world of variable annuities to see why the shadow of regulators will always fall on the fund industry. Take a look into the back offices, as well, where regulators are now pointing the finger for late trades.

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