“WMA doesn’t stand for Wealth Management Advisory,” Yasmin says. “It stands for ‘We Must Account.’ You’re building a bomb, Harper.”

Meanwhile, new grad (introduced in S2) accidentally spots the WMA flag and assumes it’s a training error. Harper lets her believe that — a quiet cruelty the show loves.

End of episode: The trade executes. The family office makes £2M. Eric gives Harper the faintest nod. But in the final shot, the compliance server logs the WMA keyword — flagged to an investigator who wasn’t there in Season 1. The screen freezes on:

Last season’s scandal left her on probation. Eric Tao, her mercurial mentor, is back but colder. When he passes her desk, he mutters: “WMA. You see it?”