4 questions for Wall Street fraud expert Bill Singer

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 Broke and Broker.

To help advisors understand the causes and nature of financial fraud, FP reporter Julie Coleman asked Singer these four questions:

1. Why is fraud so difficult for wealth managers to detect and prevent?

1. How can advisors help regulators and law enforcement catch fraudsters?

1. What is the craziest case of fraud you’ve heard of?

1. The SEC seems to be releasing a lot of fraud cases — what do you think is the reason for this?

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