Sentences with phrase «acting in the best»

A fiduciary has a legal duty to act in your best interest and can be sued for taking actions otherwise.

«We remain open to continuing those discussions, but the EEOC has not acted in her best interest.»

Smith added that the outcome may also turn on how the New York judge applies general contract law rules requiring parties to act in good faith.

«The objective of directors is to act in the best interest of the corporation,» Arnold says.

The United States Department of Labor tackled this issue another way in April, by saddling advisers with fiduciary duty, meaning they must act in the best interests of their clients.

In a note released Monday morning, however, Tribune Publishing says that it was simply taking its time to review the offer, and that the board of directors is «committed to acting in the best interests of shareholders and will respond to Gannett as quickly as feasible.»

If the person you are speaking with does not have to act in your best interest, they may not give you straightforward advice.

Most fiduciaries — individuals who are required to act in your best interest — believe you should fully fund other retirement vehicles first, such as a 401 (k), 403 (b), IRA or Roth IRA.

(Why would you ever want to pay for advice from someone who doesn't have a need to act in your best interest?

If your adviser is a broker and overseen by the private Financial Industry Regulatory Authority, the broker has no fiduciary duty to act in your best interest.

If your adviser is an investment adviser and governed by the federal Securities and Exchange Commission, the adviser serves as fiduciary to you and must put your interests above his own and act in your best interest.

That said, it is important to understand your financial professionals» credentials and the full scope of their activities and affiliations, as well as how they are compensated, to ensure they act in your best interest across all accounts.

But the same person can switch from being an investment adviser with a fiduciary duty to act in your best interests to a broker who can sell you something and not act in your best interests in the same conversation.»

Certainly, though, a superior level of humanity will be required to make wide - ranging decisions and consistently act in the best interest of actual humans involved in work - related encounters in fully automated environments.

The HR reps at Uber likely thought they were acting in the best interest of the organization.

But, as a matter of governance, all board members should be acting in the best interests of all of its shareholders and stakeholders.

Execs have little incentive to act in the best interests of their companies because of the way they are paid, creating an ugly economic chain reaction.

«OUE is a disciplined investor and at all times acts in the best interests of its shareholders,» Overseas Union said in a statement after the market close on Monday, adding that it will explore and pursue other acquisitions.

The franchise operator acted in its best interest, while simultaneously providing me what I had paid for.

«It seems to me that Seth has acted in good, if naive, faith, and will do his best to compensate us backers, either by moving the project forward or by a settlement offer.»

Do they perceive that the organization's acting in their best interest, for example?

All financial services professionals should act in the best interests of clients.

If your advisor is an investment advisor and governed by the federal Securities and Exchange Commission, the advisor serves as fiduciary to you and must put your interests above his own and act in your best interest.

Waters maintained that she was acting in the best interest of minority - owned banks in general, and was cleared of all charges after a three - year investigation.

Plus, I operate at a fiduciary standard, meaning I'm legally obligated to act in their best interest.»

These financial advisors have a fiduciary responsibility to their customers to ensure they provide the best financial advice possible and act in the best interest of their clients.

«Certainly people who acted in good faith should be given the benefit of that moving forward,» former Secretary of State Hillary Clinton told the Las Vegas Sun.

He says he wanted people to read it for pleasure and that Flash Boys is a positive story about people acting in the better interests of others.

Look for an advisor who is a fiduciary — someone who is legally required to act in your best interests rather than selling you products that will line their pockets with commissions.

«The proposals before the commissioners today squander the opportunity for us to act in the best interest of investors,» she said.

Starting Oct. 1, 2019, CFP professionals must act in the best interest of the client at all times...

«From 2010 to 2016, the Plans» fiduciaries did not act in the best interests of the Plans and their participants,» the complaint alleges.

Clients are in need of convincing since roughly two - thirds of investors don't trust the financial services industry to act in their best interest.

The advisors that will win business are the ones who go out and pound the pavement, telling clients, «I'm going to be acting in your best interest, and I'm asking you to consolidate your assets with me.

Jim Poolman, IALC's executive director, stated that while the group's litigation is «not disputing that retirement advisors should act in the best interests of their clients,» DOL's rule «will harm millions of hard - working Americans who need the principal protection and lifetime guaranteed income that fixed indexed annuities offer.»

As one of the largest independent Registered Investment Advisors in the country, we remain unbiased and independent, ensuring that we act in your best interests.

That duty requires them to act in good faith and to refrain from putting their personal interests ahead of the interests of the corporation.

They are not acting in the best interests of Canadians, or British Columbians, but instead advancing their own political agenda,» CAPP CEO Tim McMillan said.

There are options like making tech platforms legally responsible to act in the best interests of users, or creating nonprofit web 2.0 alternatives.

The Affordable Retirement Advice for Savers Act rolls back the Obama administration's fiduciary rule and amends federal law to require financial advisors to act in the best interests of their clients.

Small business 401 (k) plan sponsors have a fiduciary responsibility to act in the best interest of their plan participants or risk personal liability.

The now - endangered fiduciary rule is based on a simple — and seemingly unarguable — principle: that in giving advice to clients with retirement funds, stockbrokers, registered investment advisers and insurance agents must act in the best interests of their clients... It simply doesn't seem like a good business practice for Wall Street to tell its client - investors, «We put your interests second, after our firm's, but it's close.»

«They are not acting in the best interests of Canadians, or British Columbians, but instead advancing their own political agenda.»

However, as it stands now, «there are no uniform rules of the road to require retirement advisors to act in the best interest of their clients, and that's hurting millions» of retirement savers.

Just as important, none of these definitions speaks to the advisor's capability to act in the best interest of clients.

Kent Mason, a partner with Davis & Harman in Washington, a law firm serving banks and large corporations, says that while the administration's goal «is to require advisors to act in the best interest of their customers, the industry has no concerns with such a requirement, as evidenced by the industry's longstanding support» for an SEC best - interest standard.

Delaware law provides that a corporation may indemnify such person if such person acted in good faith and in a manner such person reasonably believed to be in or not opposed to the best interests of the registrant and, with respect to any criminal proceeding, had no reasonable cause to believe such person's conduct was unlawful.

Recently, FINRA issued a letter which says advisors and firms must act in the best interests of clients.

One of the five commissioners claims the SEC «squandered» an opportunity to act in the best interest of investors.

«As we've said before, the CBS Corporation will always act in the best interest of all of its shareholders,» a company rep said in a statement.