Fighting Back: Finra's Cook Navigates Change and Defends Self Regulation

Also, Fed financial stability report flags hedge fund leverage; Miran's first crypto speech

[Note to readers: Capitol Account will be off next Monday and Tuesday.]

Friday Q and A: It’s a difficult moment to be in charge of Finra, the front-line overseer of the brokerage industry. Lawsuits challenging the self-regulator’s constitutionality, backed by conservative groups, are percolating through the courts. There’s a Republican-sponsored bill in …