It's the topic of the next few decades: senior investments and senior fraud.

Because there are so many complicated distinctions between the categories of services, I think [investors] don't really understand them. You've got to be concerned about what kind of disclosures investors are getting when it's so difficult for the professionals themselves to understand it.

This is an area that will remain one of the hottest topics for the next several decades. You can't possibly have too many cops on the beat here.