'He thought what he was doing was good for people': Why is it so difficult to prevent unnecessary medical procedures in the U.S. health-care system?

The Atlantic

The throbbing near Marian Simmons’s temples made her nauseous. She could barely tolerate opening her eyes; the light brought on an excruciating sensation, as if a helmet was cinched too tightly on her head. Simmons, who was 20 years old and healthy, now struggled to get out of bed in her dorm at Westminster College, a small liberal-arts school in Salt Lake City. Simmons asked a friend to drive her to the emergency room. The staff didn’t find anything out of the ordinary and referred her to a neurologist, who ordered an MRI. Once again, everything looked normal. The neurologist encouraged her to see a prominent Salt Lake cardiologist, Sherman Sorensen. read more »

SEC Chair’s Remarks Suggest Crypto is the “Wild West,” Signaling Future Enforcement and Desire for Enhanced Regulatory Authority

JD SUPRA

Gary Gensler, Chair of the Securities and Exchange Commission (SEC), attracted a lot of attention following his remarks at the Aspen Security Forum earlier this month, asking Congress for more authority “to write rules for and attach guardrails to crypto trading and lending” and opining that for the “volatile” industry to truly prosper it needs more investor and consumer protections. But make no mistake: Gensler is not waiting around for Congress to act. In his remarks, Gensler highlighted various areas where the SEC currently has jurisdiction and emphasized that “we have taken and will continue to take our authorities as far as they go.”  read more »

SEC Obtains Court Order to Stop Investment Adviser's Alleged Ongoing Offering Fraud

SEC

The Securities and Exchange Commission today announced the filing of an emergency action against Martin A. Ruiz of New York, and two entities he controls, Carter Bain Wealth Management, LLC (Carter Bain) and RAM Fund, LP (RAM). Shortly after filing the complaint, the SEC obtained a temporary restraining order and asset freeze against Ruiz, Carter Bain, and RAM to stop an allegedly ongoing fraudulent securities offering through which Ruiz and his entities allegedly misappropriated millions of dollars from investors. read more »