Sentences with phrase «impose fiduciary obligations»

President Obama gave a full - throated endorsement of the Department of Labor's controversial proposal to impose fiduciary obligations on brokers and advisors working with retirement plans, insisting that new rules are a needed consumer protection to prevent billions in costs due to bad advice.

In particular, courts have imposed fiduciary obligations on employees who have committed fraud against their employer or where they have assisted a fiduciary in competing unfairly against the employer.

In imposing fiduciary obligations, the Court concluded that the employee's very ability to perpetrate such a large scale fraud over an extensive period of time was evidence that he occupied a fiduciary position.

Not exact matches

So we'll impose a new fiduciary responsibility on senior civil servants - a contractual obligation to save the taxpayer money.

Special obligations are imposed when such fiduciary relationships are created.

While an agency relationship does impose certain obligations upon the parties, courts also look to all aspects of the relationship to determine whether there has been a breach of fiduciary duty.

The contract spells out the obligations on the agent (what the agent has agreed to do for the seller) and the law of agency imposes certain duties in fulfilling those obligations (fiduciary duty, etc.) What specific obligations does «agency» impose in your world - in other words does your view on agency mean every agent must advertise a property in the newspaper if the contract does not specifically provide for that (or prepare floor plans, or stage the property)?