We construct an overlap** generations model of financial advisors, who have ethics, are
hired competitively, interact with strategic investment funds, and are regulated. Misconduct is …

Investment advisors are individuals who work at firms called registered investment advisors
(RIAs). We focus specifically on vanilla RIAs, whose main business is advising individuals …

Insider misconduct, such as financial misconduct and privacy breaches, has received an
increasing amount of public scrutiny in recent years. Empirical studies have argued that …