Sentences with phrase «of fiduciary»

Trustees in bankruptcy may not have the same kind of fiduciary obligations as the others, either.

Mr. Goodfellow is the retired chairman and a current director of Fiduciary Trust Company International, a global investment management firm headquartered in New York City.

Asset owners, asset managers and companies would, in the process, adopt a more holistic definition of fiduciary duty — one which incorporates sustainability and shapes investment frameworks as a result.

The Paper also argues that the active decision to ignore sustainability factors may in fact be a breach of fiduciary duty.

The commonly held interpretation of fiduciary duty must be updated beyond the mistaken view that its scope is limited to a definition of financial responsibility that excludes sustainability.

More importantly, one can very easily make the argument that as civilization gradually shifts away from fossil fuel energy and towards renewable resources, it is imprudent — perhaps even a breach of fiduciary responsibility — to bet on the long - term financial viability of the fossil - fuel industry.

Pension fund administrators have been made keenly aware of their fiduciary responsibility to consider the risks of climate change in their investments, or risk lawsuits holding them accountable to do so.

Trustees, directors, and officers of the vulnerable funds and corporations are advised of their fiduciary duty to the employees, retirees, and stockholders.

If the consumer wants to pay the freight for green energy then there's no lack of fiduciary responsibility by the board of directors to the shareholders.

In new papers filed Monday, Mrs. Cowles's lawyers — who accuse Mr. Gagosian of fraud, breach of fiduciary duty and unjust enrichment — reveal a series of sometimes frank deal - making e-mails that appear to show exactly how the painting was sold and how Mr. Gagosian made a $ 1 million commission on a $ 2 million sale.

But most cases of nonprofit mismanagement involve breaches of fiduciary duty, not criminal behavior, often rooted in a sincere if ultimately misguided effort to help.

«For this reason, Plaintiff brings this lawsuit against Defendants for breach of statutory duties, breach of contract, breach of fiduciary duties, recovery of chattels and an accounting,» court documents state.

That the school's board of trustees mismanaged the school's funds and committed «a breach of fiduciary duty.»

Instead of thanking, lauding, or just plain paying Jason and Vince for giving Activision the most successful entertainment product ever offered to the public, last month Activision hired lawyers to conduct a pretextual «investigation» into unstated and unsubstantiated charges of «insubordination» and «breach of fiduciary duty,» which then became the grounds for their termination on Monday, March 1st.»

Public Awareness: Operation Kindness and its communications partners work strategically and actively to regularly disseminate shelter and animal welfare information with little - to - no cost as a part of our fiduciary responsibility to our stakeholders.

A fee is assessed for each type of fiduciary account registered to the same Social Security Number — not by fund.

Two participants in Home Depot Inc.'s 401 (k) plan have sued plan executives alleging that excessive fees and poor - performing investments represented a breach of their fiduciary duties under the Employee Retirement Income Security Act.

Disgruntled shareholders have now initiated several class actions against the board of VXGN over possible breaches of fiduciary duty in the sale to OXGN.

While you certainly have challenged our notion that boards represent the interests of the shareholders, we remain optimistic that, with some persistence, shareholders can prevail on even the most intransigent management and board to listen to their concerns and protect their investment or personally pay back shareholders for what, in our opinion, is a gross dereliction of fiduciary duty.

It is a miscarriage of fiduciary responsibility to sell for less than the current share price and less than the liquidation value of the company.

Levi & Korsinsky is investigating the Board of Directors of VaxGen, Inc. («VaxGen» or the «Company»)(OTC BB: VXGN) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Oxigene Inc. («Oxigene»)(NasdaqGM: OXGN).

The Department of Labor has officially filed for an 18 - month delay of the final implementation of its fiduciary rule, ThinkAdvisor writes.

The Senate HELP Committee cleared Preston Rutledge's nomination earlier in December; now the full Senate has approved his nomination to a post in which he will play a critical role overseeing the retirement planning industry and the future of the fiduciary rule.

In this case, with their basic lack of fiduciary duty / intelligence in stacking up such an unsustainable mountain of debt, and then when faced with the looming end - result, their apparent inability to deal with or even recognize the bloody problem... You just can't run a business for growth when you're in this much financial distress.

If you're confused, best to insist that your adviser has a well - known one, like certified financial planner, which has strict requirements and carries the weight of the fiduciary standard.

The class - action lawsuit, Wildman et al v. American Century Services, LLC et al, alleges breach of fiduciary duty under the Employee Retirement Income security Act of 1974 for excessive investment management and record - keeping fees, imprudent fund selection and for self - dealing by American Century, which plaintiffs contend filled the retirement plan with proprietary investment options for its own benefit.

Adoption of a fiduciary standard of care will not negatively affect the availability of investment advice or the range of products for moderate - and low - income consumers.

Given the massive implications of the fiduciary rule going into effect, it is more important than ever to know how you and your firm will comply with the rule.

Any fiduciary using a Service agrees to indemnify and hold us, our successors and our affiliates harmless from and against any Losses arising out of or relating to any act, error or omission of the fiduciary.

The future of the fiduciary rule may be uncertain,...

The SEC defines illegal insider trading as: -LSB-...] buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material,...

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.

However, one downside, the Center says, is that fiduciaries may stay clear of new innovations out of fiduciary fear, such as investment vehicles that provide lifetime income streams.

In this situation, ERISA rules require that the plan sponsor retain the services of a fiduciary.

Currently, many brokerage firms and others providing retirement investment advice outside of a fiduciary standard are structured to maximize the sale of investment «products» and maximize profits, regardless of the implications for their clients.

These firms then act in the capacity of a fiduciary.

Speaking of the fiduciary rule, it's just on retirement accounts.

Wealth Management segment offers products and services consisting of fiduciary services, private banking, retirement services, investment management and advisory services, investment banking and brokerage services.

To purchase paper I Bonds for your living trust, you use form PD F 5374 - 1, SERIES I ORDER FOR U.S. SAVINGS BONDS TO BE REGISTERED IN NAME OF FIDUCIARY, and mail it to the Federal Reserve Bank that services your part of the country, which you can find by entering your zip code into the Treasury Retail Securities Site Locator.

The thoughtful, detailed analysis and judgment of the proposed move by the federal government to create a national securities regulator shows how little improvement there really is likely to be for the individual investor in solving key problems: high fees for mutual funds, costly access to government of Canada securities, lack of fiduciary responsibility by the industry towards investors, inadequate civil court recourse against misbehaving financial firms, priority given to financial system protection over investor interests.

IMO) Don't expect me to do that as part of my fiduciary duty definition.

The complaint points out the two main differences between CITs and mutual funds, one of which is that, while ERISA explicitly excludes mutual fund managers from the definition of a fiduciary to the extent they are managing assets of a plan covered by ERISA, the trustees (and any sub-advisers they employ) of CITs are ERISA fiduciaries, according to Department of Labor (DOL) Advisory Opinion 2005 - 09A.

I disagree that any agent working on behalf of a consumer has that requirement as part of their fiduciary.

One of the most recent lawsuits the company has found themselves in deals with breach of fiduciary duty from self - dealing within their own company's 401 (k) plan.

But since the election of Donald Trump, and hope for a repeal of the Fiduciary rule, as well as tax cuts and a repatriation holiday (that would allow Franklin to bring back $ 4 billion in overseas cash), shares have gained more than 20 %.

Fi360 promotes a culture of fiduciary responsibility and improves the decision making processes of investment fiduciaries.

The final aspects of the fiduciary standard will be shrouded in some mystery until the final rule language actually emerges from OMB, George explains, but she still predicts pretty confidently that the biggest impact is going to be on the IRA market and rollover accounts.

PFM announced an agreement to acquire the assets of Fiduciary Capital Management (FCM) that will allow PFM's asset management business to expand its services to include «stable value» investments to qualified retirement plans such as 401 (k) and 457 plans.

A review of fiduciary governance and the liability insurance policy can help 403 (b) plan sponsors steer clear of the litigation whirlwind hampering the industry today.

In a world of heightened fiduciary scrutiny, plan sponsors need to pay close attention to the language of fiduciary insurance policies.