By JULIE V. IOVINE
New York
Nowadays it seems like good architecture has to turn heads to be noticed, putting a burden on talented architects to provide flashy performance before thoughtful execution. And so it is a pleasure when one of the world’s most renowned, and scrutinized, architects, Frank Gehry, designs a quietly potent new kind of space as he has at the Pershing Square Signature Center on an Off-Broadway stretch of 42nd Street.
That there is little razzle-dazzle is just as well, because at the Signature the play’s the thing. And it always has been since founder and artistic director James Houghton established the company’s mission in 1991 to blast through the canons of living playwrights (Edward Albee, John Guare, Arthur Miller, August Wilson, among others) and to build audiences with affordable tickets (there are $20 seats for all productions).
The Signature’s new home exudes a workshop aesthetic and energy. The grand staircase is made of plywood, bolts and beams are visible throughout, the floors are all concrete, and sprayed-on stencils of playwright’s silhouettes decorate the sheetrock walls. It’s jazzy and mutable. That the lobby’s prime real estate is turned over to a vast open space ramping across two levels—with a bar, cafe tables, shop, window seats, couches and armchairs—sends an equally clear message that the audience is part of the production of that longest-running hit known as theater-going.
The three theaters—plus studio theater and rehearsal studio—all fall into the category of small Off-Broadway venues; the largest has 299 seats; the jewel-box and black-box theaters hold 199 seats each. Still it’s a big leap for the Signature from its former home base, where there were just 160 seats.
Along with the 100-seat theater now nearing completion on the roof of the Vivian Beaumont at Lincoln Center and the 299-seat Theatre for a New Audience under construction within Brooklyn’s BAM Cultural District—both designed by New York architect Hugh Hardy—it is also a gain for New York’s theater scene, particularly that segment devoted to the city’s teeming population of newcomers, strivers and on-the-verge or comeback talents.
The Alice Griffin Jewel Box, where Athol Fugard’s “Blood Knot” is now playing, is the most charming and successful of the Signature’s three theaters in the way it matches a true quality of intimacy to the smallness of scale. The edges of the space curl around to embrace the seats that appear more clustered than in rows. It’s a sensation reinforced by a balcony braced with overlapping, irregularly shaped panels. Mr. Houghton has described them as torn pieces of paper, perhaps in reference to Mr. Gehry’s reputed method of crumpling scraps to model his architecture’s curves.
The infinitely flexible Romulus Linney Courtyard Theatre—with enough metal scaffolding to strap on a herd of horse puppets and folding-chair seats flanking both sides of a patch of stage—feels just as a black box should, raw and ready for conversion. And the 299-seat End Stage Theater is Broadwayesque in its largesse, particularly the stage itself. For the current performance of Edward Albee’s “The Lady from Dubuque,” an entire ranchhouse appears to spread out, a suburban forest glimpsed beyond its windows. The rake of the auditorium seating is just as generous, and the stained-plywood walls cut into loosely rearranged jigsaw pieces shade pleasantly from honey hues at the back to dark mahogany at the stage’s edge, a playful spatial echo of the houselights dimming. Would that part of the careful rethinking of the theater experience had included allowing more leg room between rows: If you are more than 5 feet 10 inches tall, expect to feel cramped.
For years, the Signature bounced around, renting space from the Public Theater downtown or holing up in a black box on Bond Street and then on far, far West 42nd Street. In 2004, the company was selected to be part of a revitalizing cultural mecca promised for Ground Zero. Mr. Gehry would be the architect of a new $700 million performing arts center, and the Signature would share marquee space with the Joyce Theater. But by 2007, with the whole site mired in controversy, the Lower Manhattan Development Corp. decided to cut costs and disinvite the Signature, a blessing in disguise.
As it happened, development rights for a large parcel between Dyer Avenue and Tenth Avenue on 42nd Street hinged on including a performing-arts element to make up for two Off-Broadway houses that had been razed to allow for a subway extension. The Signature stepped right in, and Mr. Gehry stuck with the company, though they now faced the far more complicated job of fitting the theaters and all adjacent support spaces between the structural columns of a 62-story tower. Working with H3 Hardy Collaboration Architecture as architects of record guaranteed finely tuned theatrical spaces. Hugh Hardy is a practiced hand at New York theater-making, having designed the original Joyce Theater, BAM’s Harvey Theater and many others. Collaboration may well be all the rage in architecture right now, but it’s still rare to see such high-powered talents giving each other an assist, making the Signature all the more notable.
And so it’s hardly worth complaining that the cafe chairs make an awful screech when dragged on those concrete floors, and that there’s still a line to the ladies room at intermission when the audiences of two of the three theaters come out to stretch. A bit of hubbub is, in fact, very much on the program, and it’s right that the architecture should reflect on that rather than on itself.
Ms. Iovine writes about architecture for the Journal.
A version of this article appeared March 1, 2012, on page D4 in the U.S. edition of The Wall Street Journal, with the headline: Signature Design by Gehry.
Story By: Weekend Edition Sunday
Wednesday, the House Armed Services Committee passed its version of a bill designed, in part, to protect military chaplains from coming under pressure to marry service members of the same sex. Host Rachel Martin speaks with retired Army chaplain Douglas E. Lee about the issue.
Release Date: 04/11/2012Contact Information: Paula Ballentine, (617) 918-1027
(Boston, Mass. – April 11, 2012) The owners of rental properties in Bridgeport, Conn. as well as South Boston, Roxbury, and Dorchester, Mass., face EPA penalties for violating federal lead paint disclosure rules. In both cases, these violations potentially put tenants at risk of exposure to lead hazards.
According to a complaint filed by EPA’s New England office, Juan Hernandez allegedly violated lead-based paint disclosure requirements seven times when he rented apartment units in Bridgeport, Conn. between 2008 and 2010. Mr. Hernandez faces an EPA penalty of up to $127,150 for violating federal lead paint disclosure rules. During the time period relevant to EPA’s investigation, all of the apartment buildings owned by Mr. Hernandez were located in potential environmental justice areas.
In a separate EPA complaint, Edward Franco, owner of El Paso Management, and its affiliates allegedly violated lead-based paint disclosure requirements when they rented apartment units three times in South Boston, Roxbury, and Dorchester in 2009. Most of the tenants involved in this case live in low income and/or minority areas.
Both parties are charged with failing to give tenants required lead hazard information pamphlets, failing to include lead warning statements in leases, failing to disclose any known lead-based paint or lead-based paint hazards, and/or failing to provide records or reports pertaining to lead-based paint or lead-based paint hazards.
Federal lead disclosure rules are meant to give tenants adequate information about the risks associated with lead paint so that they can make informed decisions before signing a lease contract. Property owners leasing housing built before 1978 are required to provide the following information to tenants: the EPA-approved lead hazard information pamphlet, Protect Your Family from Lead in Your Home; a lead warning statement; statements disclosing any known lead-based paint and/or lead-based paint hazards; and copies of all available records or reports regarding lead-based paint and lead-based paint hazards. This information must be provided to tenants before they enter into leases.
Infants and young children are especially vulnerable to lead paint exposure, which can cause developmental impairment, reading and learning disabilities, impaired hearing, reduced attention span, hyperactivity and behavioral problems. Adults with high lead levels can suffer difficulties during pregnancy, high blood pressure, nerve disorders, memory problems and muscle and joint pain.
More information:
Lead-based paint health hazards (www.epa.gov/ne/eco/ne_lead/index.html)
Lead-based paint disclosure rule (www.epa.gov/ne/enforcement/leadpaint/index.html)
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By TODDI GUTNER
| Special to THE WALL STREET JOURNAL
Full name: Pernille Spiers-Lopez
Age: 49
Hometown: Silkeborg, Denmark
Current position: President of IKEA North America
First job: Dishwasher at a hotel
Favorite job: IKEA store manager in Pittsburgh
Education: Danish School of Journalism in Denmark
Years in the industry: 23 years
How I got here in 10 words or less: Passionate about work, focus on today, know the direction you want to go
Pernille Spiers-Lopez’s path to the top spot at IKEA in North America is anything but typical. Born in Denmark and trained as journalist, Ms. Spiers-Lopez quickly discovered that it would take much longer than she anticipated to obtain a coveted feature writer position. During her years as a reporter, she learned how to think on her feet and get along well with people — two skills that have served her well in retail. Ms. Spiers-Lopez came to the U.S. in 1980 at age 23, leased a car and drove more than 60,000 miles in two years selling Danish furnishings out of her car. “Retail is a self-taught profession where you just get out there and figure it out,” says Ms. Spiers-Lopez. Flush with contacts in retailing, she quickly rose in the field, managing 24 Door Store furniture locations, and then opening two STOR home furnishings stores in California. They were later purchased by IKEA. The company recruited her in 1990 to be marketplace manager of its West Coast stores and she became president of IKEA North America in 2001. She has helped grow the chain from 15 stores in the Northeast and West Coast to 35 stores. Writer Toddi Gutner spoke with Spiers-Lopez about her career path. Edited excerpts follow.
Q: What does IKEA stand for?
A: It stands for name of the founder Ingvar Kampard, and Elmtaryd Agunnaryd, which is the town where he grew up. At 83 years old, he is still active in the company.
Q: What is your favorite IKEA product?
A: I love the IKEA kitchens. They look good and they’re designed and organized well for cooks who need to find things.
How You Can Get There, Too
Best advice: “Always follow your passion and live your values,” says Ms. Spiers-Lopez.
Skills you need: Strong leadership skills and an ability to understand yourself are key, says Ms. Spiers-Lopez. “Be a people person,” she adds. “(And) know the business.”
Degrees you should go for: Ms. Spiers-Lopez says a specific degree isn’t necessary, just “life and life experience.”
Where you should start: On the front line with the customer in the stores, she says. Try to build a career in retail from the bottom, up.
Professional organizations to contact: Professional retail associations
Salary range: Fits with IKEA as a low-cost company
Q: You joined IKEA in 1990 as a store manager and then became a human resources manager. How did you eventually move into an operational role with profit and loss responsibility?
A: Human resource managers can be their own worst enemies. With all the benefit rules and regulations, they often talk about what the business can’t do. As an HR manager, I took my role as a business partner to the company leaders (but) on the front line (in order) to make it possible for them to do what they needed to do. I became recognized as a business leader myself. In fact, many of the top jobs at IKEA come from the HR function. The country managers of Germany and the United Kingdom were both HR managers.
Q: How has being a foreigner in the U.S. running a foreign company helped or hindered your career?
A: I think it would have been much more difficult if I had come to IKEA from another retailer but I grew up with the company. Also, I think coming from Scandinavia myself, where the image is very positive, definitely made it easier as well. I am proud to say that I became at U.S. citizen in January of this year.
Q: How do you reconcile the European work ethic with America’s 24/7 workplace?
A: We take a different perspective that focuses on work-life balance. We think if you want to be a good manager and a good leader then it’s not healthy to work 80-hour weeks. IKEA employees like to work hard, but we also value time with our families and expect our employees to take their vacation time. When you’re tired, stressed and overworked, you can’t really be productive and make the right decisions. We want to attract very good people who stay a very long time.
Q: What is the biggest challenge you face in your job?
More How I Got Here
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- How I Got Here: A Passion for All Things Iconic
- How I Got Here: From Salesman to Vice Chairman
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- How I Got Here: Leading the Oldest Brokerage on Wall Street
- How I Got Here: Managing Vibe at Hard Rock Hotel
- How I Got Here: Child of the ’60s Turned Corporate Lawyer
A: There are so many things that come at you everyday, such that nothing is ever done. I have to work to make sure that I keep some distance and don’t absorb everything and let it eat me up. I do a lot of yoga, meditation and I read books.
Q: What does the coming year hold for you and IKEA?
A: Even though it is a tough economic environment, I feel very optimistic. IKEA is about great things at low prices. There seems to be a change happening in society where people respect value; they can do things themselves and they don’t need fancy furniture.
Q: Did you ever aspire to be a president of a company?
A: I have done more than I ever I expected I would do. I have a great exciting job. When you can work from a place of no fear, you’re much more relaxed. For me, it hasn’t been about what is next, but rather about enjoying what I have. Truth is, I am not afraid of being nobody; if I lost my job tomorrow, I would enjoy doing something totally different.
Write to CareerJournal at cjeditor@dowjones.com
Complexity in black church reactions to Obamaâs gay marriage announcementJohn Blake ("CNN," May 11, 2012)
Washington, USA – After the Rev. Martin Luther King Jr. first gained wide public recognition in the mid-1950s, he made a special request to evangelist Billy Graham.
King was poised to join Graham on one of his barnstorming crusades, but he would do so only on one condition. He asked Graham to publicly speak out against segregation, a request Graham declined, says San Diego State University historian Edward Blum.
âWhat Graham feared was losing all of his influence,â Blum says. âFor him, personal salvation was primary, justice secondary. For King, justice was primary.â
After President Obama this week became the first sitting president to endorse same-sex marriage, black clergy and churchgoers could be facing a question that’s similar to the one that fractured King and Graham: Should my ideas about personal holiness trump my notion of justice?
The answer to that question is evolving â just as Obamaâs views on gay marriage have been. Poll numbers and interviews with black clergy suggest itâs simplistic to say that the black church is anti-gay marriage and may desert Obama, as some pundits have suggested.
Equal rights for some people?
Some black pastors take the approach of Graham, who recently came out in support of a successful drive to amend North Carolinaâs constitution to ban same-sex marriage and domestic partnerships.
For them, personal salvation is primary; homosexuality a sin, and so is gay marriage. Their enthusiasm for Obama will be diminished, Blum says.
âIt will be, âIâm going to vote for him, but Iâm not going to talk about him much,â â Blum says. âItâs the difference between voting for him, or voting for him and putting out a street sign and making sure your neighbor gets to the poll.â
CNNâs Belief Blog: The faith angles behind the biggest stories
Others in the black church say their approach centers on justice.
The Rev. Joseph Lowery, who was a part of Kingâs inner circle, says Obama had to support gay marriage because he believes in equal rights.
âYou canât believe in equal rights for some people and yet not believe in equal rights for everybody,â Lowery says. âThat includes the right to marry the person of your choice. Equal rights for some people are an oxymoron.â
Lowery says Obamaâs announcement was âmore revolutionaryâ than the moment that President Lyndon Johnson went on national television during the heyday of the civil rights movement and called for racial equality, declaring, âWe shall overcome.â
Obamaâs âWe Shall Overcomeâ moment will force Americans â black and white â to reexamine positions on same-sex marriage, Lowery says.
âA lot of white people didnât believe in desegregation until the Supreme Court declared it unconstitutional,â says Lowery, who presided over Obamaâs inauguration. âAnd then they began to rethink it and basically came to the same conclusion.â
Pastor or president?
At least one black minister in North Carolina captures another neglected dimension to the debate. He opposes same-sex marriage but doesnât like the energy Christians devote to opposing it.
âHeâs the president of the Untied States, not the pastor of the United States,â says the Rev. Fred Robinson, who lives in Charlotte. âAmerica is a democracy, not a theocracy. Iâm not going to vote on one issue.â
Robinson says some Christians are better at being against something than for something. Christian divorce rates are just as high as those for secular marriages, he says.
Follow the CNN Belief Blog on Twitter
âOur witness is stronger if we actually show that we believe in marriage and lived in and honored it,â he says. âThat would be a greater witness than running to the polls to enshrine discrimination in the state constitution.â
The Rev. Tim McDonald, founder of the African-American Ministers Leadership Council, says he opposes same-sex marriage, but he is more concerned about issues like health care, education and jobs.
He’s interested to see how black pastors handle Obamaâs announcement when they step onto the pulpit Sunday.
âI donât see how you cannot talk about it,â he says. âI have to. You can say Iâm opposed to it [same-sex marriage], but that doesnât mean Iâm against the president.â
McDonald says more black pastors are talking about same-sex marriage than ever before: âThree years ago, there was not even a conversation about this issue â there wasnât even an entertainment of a conversation about this.â
Polls show that black opinions on same-sex marriage are changing.
According to a Pew Research Center poll conducted in April, 49% of black respondents described themselves as opposed to marriage between gays and lesbians, 14% fewer than in 2008. The percentage of African-Americans in favor of it increased from 26% in 2008 to 39% in 2012.
In 2008, Californians voted on Proposition 8, a measure that would make same-sex marriage illegal in the state, at the same time that they cast ballots for president.
CNN exit polling showed that 70% of California African-Americans supported Prop 8 but that the overwhelming majority – 94% – also backed President Obama.
Black pastors who preach in favor of same-sex marriage know they may pay a price if they take Obamaâs position, says Bishop Carlton Pearson.
Pearson is a black minister who says he lost his church building and about 6,000 members when he began preaching that gays and lesbians were accepted by God.
âThatâs the risk that people take,â he told CNN. âA lot of preachers actually donât have a theological issue. Itâs a business decision. They canât afford to lose their parishioners and their parsonages and salaries.â
Pearson navigates the tension between the Bibleâs call for holiness and justice this way:
âI take the Bible seriously, just not literally,â he says. âItâs more important what Jesus said about God than what the church says about Jesus.â
My book group has been discussing whether there is a difference between a story with an unhappy ending and a tragedy. What is your opinion?
—K. P., Burlington, Vt.
In his book “Sweet Violence: The Idea of the Tragic,” the British critic Terry Eagleton addresses this very question, conceding, however, that he does not have a particularly satisfying answer. “In everyday language, the word ‘tragedy’ means something like ‘very sad,’” he wrote. “It may well turn out that ‘very sad’ is also the best we can do when it comes to the more exalted realm of tragic art.”
Yet there are clear differences to the admittedly subjective feeling of sorrow. While it’s sad for a son to see his elderly father dying (as in “Dad” by William Wharton), it’s a very different kind of grief from a Polish woman who is forced to decide which of her two children will survive Auschwitz (“Sophie’s Choice” by William Styron). As Thomas Hardy wrote, “That which, socially, is a great tragedy, may be in Nature no alarming circumstance.”
Hardy wrote tragic novels, including “Tess of the D’Urbervilles,” “Jude the Obscure” and “The Mayor of Casterbridge,” but unlike earlier tragedies, the fallen in Hardy’s stories are ordinary people, dairymaids and wood cutters rather than kings and princes, who are undone by ordinary human “passions, prejudices and ambitions,” as Hardy wrote, and their inability to escape the consequences. That’s also at the heart of the tragedies of “Anna Karenina,” “The Scarlet Letter” and “Madame Bovary.”
David Nicholls’s “One Day” ended on a sad note, but I wouldn’t call it a tragedy. Nor, I feel certain, would Aristotle, an early theoretician of the tragic, who believed tragedies should inspire not just pity but also fear. Although Richard Yates’s and Cormac McCarthy’s novels are almost unbearably morbid, they’re not tragedies on the order of “Macbeth” or “King Lear.” Theodore Dreiser named his novel about an ambitious young man murdering his pregnant girlfriend “An American Tragedy,” but the story was based on a squalid real-life crime of an ambitious young man murdering his pregnant girlfriend.
It’s clear how profligately the word tragic is tossed around when you look at what books users of LibraryThing (librarything.com) have tagged as “tragedy.” Barbara Kingsolver’s “The Poisonwood Bible”? Jonathan Franzen’s “The Corrections”? “The Rotters’ Club” by Jonathan Coe? These are all fine novels in which people suffer, but that’s life, not tragedy. It would be impossible to write great fiction without some characters, even beloved ones, suffering misfortune. “The novelist can not write a novel which is felt to be an absolutely comic novel or an absolutely tragic novel,” Thornton Wilder once wrote. “Human experience can only be regarded as presenting a synthesis of both.”
I was glad to see “Flowers for Algernon” on LibraryThing’s list because tragedy isn’t necessarily about death. I’d say the same about “Lolita” and “Main Street.” I would also argue that Rohinton Mistry’s “A Fine Balance” has no business on any list of tragic novels: It may tell of harrowing poverty and adversity, but it’s also a story of human fortitude and hope. Which reminds me that Shalom Auslander’s most recent novel is called “Hope: A Tragedy.”
To some people, poverty is inherently tragic. But I recently read Katherine Boo’s “Behind the Beautiful Forevers,” a nonfiction account of life in a Mumbai slum, and while it may be barbaric that humans today have to survive by scavenging junkyards for used plastic, I don’t believe those slum dwellers would describe their own lives as tragic.
The French critic Geoffrey Brereton once wrote, “The death of a great man in an air-crash qualifies for tragedy unequivocally; if he is killed in a sports-car, the tragic quality becomes more dubious; if by falling off a bicycle, the whole conception is endangered.” But if the great man who falls off the bicycle has just survived the battle of the Somme, that verges on the tragic to me. Or maybe it’s just life.
If death is everyone’s unhappy ending, realist writers must kill some of their characters. “One is born, one lives in one’s time, one dies,” the novelist Annie Proulx said in a 1999 interview in the Missouri Review. “The person, the character, is one speck of life among many, many. The ending, then, should reflect…some element of value or importance in telling this ending among the possible myriad of stories that might have been told.”
—Send your questions about books and writing to Cynthia Crossen at booklover@wsj.com.
Politicians and regulators are bickering again over who should oversee the nation’s 28,000 investment advisers, who manage some $50 trillion.
A bill introduced in the House of Representatives at the end of April would take that job away from the federal Securities and Exchange Commission and regulators in 48 states—and could hand it to the nongovernmental Financial Industry Regulatory Authority, which already oversees securities brokers and dealers.
There is a better way. Investment advisers are being examined infrequently, inconsistently and incompletely—largely because regulators are outnumbered and reliant on outmoded technology. In a business world that routinely runs on “big data,” it’s time to put computers on the case.
In fiscal 2011, the SEC examined just 8% of the 12,600 advisers under its jurisdiction. Roughly 5,000 advisers have never been audited by the SEC.
State regulators, who are responsible for inspecting smaller investment advisers, look a bit nimbler. Two-thirds of the states say they examine advisers at least once every four years.
Finra inspects brokerage firms roughly every two years. Those more-frequent inspections, however, didn’t detect Allen Stanford or Bernard Madoff‘s Ponzi schemes. “Finra clearly could have done better,” its chief executive Richard Ketchum said last year, “and we deeply regret we did not.”
“An adviser being examined in L.A. faces very different requirements than one being examined in Dallas,” says Brian Hamburger, managing director of MarketCounsel, a firm based in Englewood, N.J., that helps advisers comply with financial regulations.
Norm Champ, deputy director of the SEC office that examines advisers, concedes that there is some regional variation. “We are addressing that with several steps to make sure the process is more transparent, orderly and consistent,” he says, including a manual issued in January that should standardize exams across all of the SEC’s 12 offices.
Still, regulators might be overlooking the most important issue of all—that your adviser could steal your money while reporting that it’s safe and sound.
Several advisers and consultants say regulatory examiners don’t always ask for independent proof that clients’ account balances are accurate. “Many of these guys go through an entire exam without verifying assets,” says Mr. Hamburger of MarketCounsel.
Troy Daum, head of Wealth Analytics, a financial adviser in San Diego, says his firm has been examined both by SEC and state auditors. “They spend a lot of time looking at minute bits of detail,” he says, “but they miss the boat when they don’t make sure your performance reports line up.”
The SEC says it is standard practice for examiners to ask advisers for evidence that clients’ account values are accurate. “We generally verify assets on exam visits,” says Mr. Champ, “but we may exercise discretion when the circumstances warrant.”
At the heart of these gaps are antiquated databases and other crude technology that one person who deals regularly with regulators calls “right out of the Raiders of the Lost Ark warehouse.”
The Self-Regulatory Organization for Independent Investment Advisers, an organization in Oxford, Miss., established last year as a potential alternative to existing oversight agencies, says regulators need to embrace “data analytics.” Computers should be parsing vast quantities of information in search of overall patterns and potentially risky exceptions.
Imagine that advisers would have to upload standardized reports on all their clients’ assets—with personal identification removed—to a national data repository each month. Software would probe for any gaps between the reported account values and independent records from the custodian firms where the money resides.
Then, examinations would be driven by what pops out of the data, not by what pops up on the calendar—regardless of which regulator runs the show.
To be fair, regulation is inching into the electronic age.
An operation at the SEC, the “aberrational performance initiative,” uses software to analyze data about hedge funds to look for unusually high or suspiciously smooth relative performance. The API project has already led to four fraud cases—with more in the pipeline, according to people familiar with the matter.
Another team at the SEC electronically analyzes large amounts of data on more than 10,000 advisers—but much of the raw information isn’t yet in automated form.
But much more could be done—at not much higher cost.
“The next step is getting information more routinely and broadly from firms at the transactional and customer level in a consistent format,” says Stephen Luparello, vice chairman at the Financial Industry Regulatory Authority, which already uses data analytics to monitor how brokers sell annuities, among other things.
To extend existing systems to investment advisers, costs would probably run “a few million dollars a year,” reckons Mr. Luparello.
That’s a lot cheaper than the countless people-hours frittered away by regulators and advisers alike under today’s system—or the costs of leaving the next Madoff on the loose.
Write to Jason Zweig at intelligentinvestor@wsj.com
A version of this article appeared May 5, 2012, on page B1 in the U.S. edition of The Wall Street Journal, with the headline: Should Robots Replace Regulators?.


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