Scrutiny of managed accounts is unwarranted given their track record which is yet to see a collapse like Shield and First Guardian or Dixon Advisory, according to a pair of proponents of the vehicle, which has layers of fiduciary responsibility preventing a similar type of failure.
the problem with the Trio collapse and similar cases is that those ultimately responsible have gone out of their way to defraud the public. These persons are far smarter than any politician or bureaucrat and will find a way to defraud the public no matter what controls are implemented by an inept government