One thing this story gets slightly wrong is the fiduciary duty of a director.
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Money managers clearly have a fiduciary duty to investigate before they invest client funds.
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The law states that money management firms owe a fiduciary duty to their clients.
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Hint: If they hold a state insurance license, they have no fiduciary duty.
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In short, the statute applied to any notional breach of fiduciary duty--whatever its boundary or legal source.
Pensions that believe their fiduciary duty includes getting involved in brokerage decision-making face a more difficult task.
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As CEO and Chairman, Dell has a fiduciary duty to get the best deal for his shareholders.
Under a 1999 Texas Supreme Court decision, lawyers might lose their fees if found to have broken their fiduciary duty.
We are not concerned with theoretical breaches of fiduciary duty when we draw attention to these longstanding practices.
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The only question is when does a manager violate that fiduciary duty by charging too high a fee?
As a result, conflicts of interest and breaches of fiduciary duty are endemic to the mutual fund industry.
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Funds that fail to seek recovery of pension assets where possible, may breach their fiduciary duty to participants.
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Under Louisiana law, each fiduciary is personally liable for any losses created by a breach of his fiduciary duty.
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We will continue to urge trustees of these funds to do their fiduciary duty and investigate allegations of wrongdoing.
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The group argues that the government has a fiduciary duty to taxpayers to get the best price for GM.
Giddens has said that he may sue Corzine and other former executives for negligence and breach of fiduciary duty.
The agency is sitting on two extremely important rules for individual investors: Crowdfunding (JOBS Act) and fiduciary duty (Dodd-Frank).
As a senior partner at McKinsey, Kumar had insider information and a fiduciary duty not to disclose his knowledge.
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Crucially, authorities alleged that Gupta knew he was breaching his fiduciary duty to the boards that he served on.
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The Wikimedia Foundation, as a donor-driven organization, has a fiduciary duty to be responsible and prudent with its money.
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The SEC has the authority to not only scrap the mandatory arbitration rule, it can impose fiduciary duty upon brokers.
For mom and pop retail investors, no work could be more important than creating a fiduciary duty rule for brokers.
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The alleged causes of actions include breach of fiduciary duty, unjust enrichment, unfair competition, excessive executive compensation and self-dealing transactions.
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Carey called his cousin Peter, who called in lawyers who instructed Carey to stay put, reminding him of his fiduciary duty.
So this confirmation that managers and savings trustees have a strict fiduciary duty to savers and investors is entirely welcome.
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He told the boards that they had no fiduciary duty to investigate potential conflicts of interest involving brokers, such as Merrill.
Fiduciary duty requires that institutions invest capital with the expectation of earning a competitive rate of financial return commensurate with risk.
Being an insider with a fiduciary duty sure is risky, as heavyweight Rajat Gupta is now finding out amidst serious SEC charges.
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It is their fiduciary duty to do so - and News Corporation, run by Rupert Murdoch, will be well aware of that.
Our original desire was to fulfill our fiduciary duty to our donors by not funding grant applications made by organizations under investigation.
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