SEC Fiduciary Duty

Fintech grinds against fiduciary standards

"When any of the account information was updated in the CMS System, however, the previous recorded account information for that category was permanently overwritten and ...

"A skeptic might believe that some ESG products are merely offered in order to extract higher management fees"

"To that end, AMAC recommended that the Commission: require investment advisers and funds to provide enhanced gender and racial diversity disclosures"

An adviser must have a reasonable belief that the advice it provides is in the best interest of the client based on the client’s objectives ...

"While today’s FAQ is a step in the right direction, we believe all of the recommendations laid out in the AMAC report deserve our prompt ...

Onetime critic tasked with new guidance, Gensler says

'These fees are crazy...'

"We are concerned that the Order may be misconstrued regarding an adviser’s fiduciary duties with respect to voting proxies on behalf of its clients, as ...

The adviser repeatedly violated the Advisers Act by casting proxy votes at more than 200 shareholder meetings without taking any steps to determine whether the ...