A funny thing's happened in Finland. Scores of its monied elite have filed requests to correct their tax data this summer—suddenly recollecting that they'd stashed earnings away in Swiss banks. Truly, this is the end of an era, thanks entirely to a U.S.-led crackdown on tax evasion. It's also a strange new beginning.
As government probes into Barclay's abuse of private "dark pool" trading widen to include similar allegations of fraud perpetrated by UBS and Deutsche Bank, the public and lawmakers are demanding to know one thing: What novelty hot sauces induced brokers to let their clients trade in these dangerous venues?