Funds overstated performance, used investors' money to pay distributions
Plus, multiple other firms launch funds, announce fund changes
Transfers to dealers began this week, distributions to investors to follow
U.K. regulator's review IDs weaknesses in high-risk product sales, conflicts and conduct standards
Industry group calls on SEC to ease constraints
Regulator requests monetary penalties, disgorgement, costs and market bans
Regulators find certain funds are highly leveraged and complex
Regulators codify their approach to crypto funds in rules
Many firms use discretion to set ratings, some lack policies, CSA finds
U.K. regulator consults on changes to rules under new retail product regime