This embattled consumer agency went 2 years without a director. Newsom finally appointed one

Gov. Gavin Newsom appointed Nicole Dragoo as the new director of the Professional Fiduciaries Bureau, ending a two-year leadership vacuum. CalMatters' investigation revealed the bureau has failed to address conflicts of interest or misconduct by fiduciaries, despite its mandate to enforce ethical standards. Examples include fiduciaries misappropriating millions from clients, with the bureau often inactive on complaints.