Sentences with phrase «fiduciary standard of conduct»

This is also a critical moment for those who desire a true profession for investment and financial advisors, bound together under a bona fide fiduciary standard of conduct.

However, the SEC's proposal contains an even more fundamental flaw: Even if brokers were held to a fiduciary standard of conduct, the ambiguous interpretation of the fiduciary «Duty of Care» makes any regulation difficult to enforce and confusing for all parties.

Currently, registered investment advisors regulated by the Securities and Exchange Commission or state securities regulators are already held to a fiduciary standard of conduct under which they must act in their clients» best interests.

Second, DOL «then offers an exemption from this far - reaching prohibition — known as the best interest contract exemption (or «BIC» exemption)-- but conditions it on financial services firms and insurance institutions agreeing to subject themselves to fiduciary standards of conduct in contracts that they must enter into with their customers, as well as a range of other restrictions and requirements.»

Not exact matches

The DOL considers prudence one of the «chief components» of an impartial conduct fiduciary standard, and our legal experts tell us that includes a prudent process to evaluate products and make recommendations.

Broker - dealer Scottrade has been charged with violating the impartial conduct standards of the DOL fiduciary rule.

What CFA is also forgetting is that the DOL Fiduciary Rule and impartial conduct standards no longer permit a «sales - driven relationship,» and the very requirements of the fiduciary duty are trust and reliance on the fact that the customer's interests always coFiduciary Rule and impartial conduct standards no longer permit a «sales - driven relationship,» and the very requirements of the fiduciary duty are trust and reliance on the fact that the customer's interests always cofiduciary duty are trust and reliance on the fact that the customer's interests always come first.

Fiduciaries have important responsibilities and are subject to strict standards of conduct.

Those prohibitions closely resemble the impartial conduct standards included in phase one of the DOL fiduciary rule.

There were no clear explanations for why they could not sign a fiduciary contract and agree to standards of impartial conduct or agree to charge reasonable fees.

Capital One Investing does not review any action or inaction of a fiduciary with respect to any Account, including any action or inaction taken by COA with respect to the Program, and disclaims any responsibility for determining (i) whether a fiduciary's conduct satisfies applicable standards of care, or (ii) the validity of a person's or entity's status, or capacity to serve, as a fiduciary.

When an attorney breaches any of these fiduciary duties by acting negligently / incompetently or failing to uphold standards under lawyer ethics or the professional code of conduct, a client may have an action for legal malpractice.

Areas of expert consultation, formal opinions, and testimony include reasonableness of fiduciary and attorney fees, standards for fiduciary conduct, spousal elective share issues, and characterization of trust beneficial interests in dissolution of marriage cases.

The directors who sit on the Condo Board not only take on the additional duties of attending meetings, gathering information needed for an informed decision, and dealing with fellow Condo owners, they also set themselves up under Florida law to meet the highest standard of conduct: Condo Board owners act as «fiduciaries» to all unit owners.