Sentences with phrase «new fiduciary obligation»

And with the DoL fiduciary rule effective date looming large in April of 2017, large broker - dealers may suddenly transition hundreds or even thousands of brokers into a new fiduciary obligation, all at once, with only perhaps some sales and product training, but not the training and education necessary to be capable of fulfilling their fiduciary duty of care!

Not exact matches

They would not be specifically required to meet other transition period requirements of these PTEs, such as to make specific written disclosures and representations of fiduciary status and of compliance with fiduciary standards in investor communications, designate a person or persons responsible for addressing material conflicts of interest and monitoring advisers» adherence to the Impartial Conduct Standards, and comply with new recordkeeping 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.

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

As a brief overview, the Management and Board have embarked upon a failed merger that garnered virtually no support from its shareholders, and was opposed by ISS, and continued on that path until the date of the special shareholders meeting and scheduled vote, spending lavishly in a failed effort to close it; attempted to implement substantial new options to itself, a plan opposed by ISS and the shareholders, which was withdrawn; continually paid itself outrageous sums of the shareholders money over the past three years; rejected highly qualified outside board members with deep, broad healthcare company experience supported by its shareholders; held many Board and Committee meetings with nothing to show for it; formed a new Strategic Transactions Committee that is highly paid but that has produced no deals for the shareholders to consider or for any outside valuation experts to formally review; spent lavishly on accountants, auditors and counsel; failed to successfully hire any outside professional negotiators and finally extinguish or remove the outstanding lease obligations; distributed no cash to the shareholders despite holding excess amounts; formed no special purpose entity to hold any royalty and milestone rights and payments for the benefit of its shareholders; and thus generally failed in its fiduciary duties to shareholders.

new developments in managers» fiduciary obligations (owed to the corporate person, not to shareholders and others) Canadian statute - based minority remedies are being embraced by many Commonwealth countries (including Australia and New Zealannew developments in managers» fiduciary obligations (owed to the corporate person, not to shareholders and others) Canadian statute - based minority remedies are being embraced by many Commonwealth countries (including Australia and New ZealanNew Zealand).

Once new directors are appointed or elected, the GC is primarily responsible for training the newly elected directors regarding their fiduciary and other obligations.

Because of Gemini's fiduciary obligations under the New York Banking Law, -LSB-...] We have been receiving a few questions regarding the custody of our customer's Bitcoin Cash.

Because of Gemini's fiduciary obligations under the New York Banking Law, -LSB-...]

Because of Gemini's fiduciary obligations under the New York Banking Law, which we take very seriously, we are going to great lengths to ensure all of our customers» assets on a forked blockchain, like «Bitcoin Cash,» are preserved.

Gemini is a New York trust company that is subject to fiduciary obligations, capital reserve requirements, and banking compliance standards of the New York State Department of Financial Services.