SEC Fiduciary Duty

This is a fundamental violation of an investment advisers’ fiduciary duty to act in the best interest of its clients, according to the judge

The Reg BI violations affected about 5,900 retail accounts, causing the clients to pay $936,000 more in expenses for substantially equivalent funds than they otherwise ...

"I would note that under those current rules and interpretation, brokers and advisers cannot address these conflicts of interest through disclosure alone"

"Under both Reg. BI and the fiduciary duty standards, disclosure of a conflict of interest is the starting point to addressing conflicts, but satisfying the ...

It may have taken 13 years, but the SEC has finally approved a rule Congress ordered it to promulgate in the 2010 Dodd-Frank law: prohibiting ...

“It will go to court, undoubtedly,” forecasts one observer. “I think it could go all the way to the Supreme Court” if the Biden Administration ...

While the Labor Department’s latest crack at establishing a new ERISA fiduciary duty definition grabs the headlines, the agency also moved to revise several prohibited ...

The adviser did not fulfill its duty of care obligations when it exchanged Wrap Program clients’ existing assets in certain mutual funds for other investments ...

When questioned by its bookkeeper, the CEO/CCO responded that they consisted of short-term loans from Fund A that he subsequently repaid to Fund A. However, ...

Because Forepont did not provide advance disclosure to the limited partners of the Cayman Fund of these material facts concerning the transfers and the associated ...