Insurance companies, investment banks and hedge funds are among the most frequent repeat industry offenders of laws governing the financial services industry, new research shows.
Tiburon Strategic Advisors, Tiburon, Calif., discloses this finding in a report, “Financial Services Industry Stumbles: An Ongoing Series of Missteps.” The study recaps instances when financial institutions engaged in, among other things, insider trading, mutual fund scandals and Ponzi schemes.