Sentences with phrase «fiduciary responsibility when»

Not exact matches

When this responsibility is not met, the consequences for 401 (k) fiduciaries can be severe — including personal liability.

Ravitch, who served as MTA chairman from 1979 and 1983, noted that a law passed when he was elevated to the LG's post by former Gov. David Paterson states that directors of public authorities have fiduciary responsibilities to that authority.

The comptroller's office on Monday announced what is known as a derivative lawsuit that allows shareholders to file legal actions on the behalf of a corporation when its officers or directors have failed to meet their required fiduciary responsibilities.

«The Council handicaps its independence when it has the transportation chair having a fiduciary responsibility to the very organization he oversees,» Dadey said.

If I transfer assets out of the Plan and into an IRA I understand that: (i) those assets will no longer be subject to the protections of ERISA, (ii) I alone will be making investment decisions about those assets and will not be able to rely on the plan sponsor or any other person with ERISA fiduciary responsibilities, (iii) depending on the investments and services selected for the IRA, I may pay more in transaction costs than when the assets are in the Plan, and (iv) if I am between the age of 55 and 59.5, I would lose the ability to potentially take penalty - free withdrawals from the plan, (v) if I continue working past age 70.5 and transferred my plan assets to my new employer's plan, I would not be subject to required minimum distribution, and (iv) if I hold appreciated company stock, I understand any potential tax benefits that may have been available to me (e.g. net unrealized appreciation).

Many in the Cooper Union community feel that the meritocracy created when students are allowed to study with no fiduciary responsibility between themselves, their peers, and the educators is unmatched and central to that which makes the school stand apart from other small colleges.

Particularly for publicly traded firms there's a fiduciary responsibility to deceive and corrupt when shareholders» money is at stake.

Rich Rosa: Fiduciary duty is when you owe loyalty or responsibility to a particular party or client that you're representing and that you're looking out for their best interest.

And you're probably correct in your assertion that many agents when undertaking a dual agency scenario fail to fulfill their fiduciary responsibilities to at least one of the parties.

When a home Seller is counselled to offer a lower than average amount of selling commission to a Cooperating Brokerage, are they being advised as to how this may possibly interact negatively with a prospective Buyer's «Buyer's Agency Contract», and if so, why would such a Seller agree to proceed as such — especially, if they've been made aware of any discounts that may apply to their List Price, later, as a result of extended market time?The aforesaid is fundamental to a fiduciary responsibility — yet, I believe that most Provincial Regulatory Authorities would be reluctant to prosecute such a negligent Registrant or Practitioner because the accused would hide behind the argument they were being wrongly persecuted for offering a «competitive business model»!

You still have all the same basic duties when you are working with a seller — loyalty, honesty, accounting, confidentiality, obedience and fiduciary responsibility.

When you work with a Realtor ®, their fiduciary responsibility is to you.

When working as an agent of any sorts, for anyone you have a fiduciary responsibility to your respective client (s) to put their best interests ahead of your own.

Impartiality is essential when dealing with clients and a Realtor's ability to place their client's needs first is impeded when the brokerage's fiduciary responsibilities are divided between buyers and sellers, or buyers and buyers.

It is a fiduciary responsibility of all brokers and salespeople in the world to get the highest and best price for a property when selling it by exposing it to the most powerful services in the industry, especially when you can reach the world so easily.