Sentences with phrase «regarding fiduciary»

The real estate council puts obligations on agents regarding fiduciary duty, professionalism etc..

Corporate lawyers in the Los Angeles office also regularly advise trustees and directors of investment funds such as banks, thrift institutions, trust companies, investment advisers, broker - dealers and other institutional investment managers regarding their fiduciary duties under ERISA and state fiduciary statutes.

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

Boston commercial litigation partner George Skelly, M&A and corporate transactions senior counsel William Kelly and government investigations and white collar defense associate Eric Walz contributed this article about the Massachusetts SJC's guidance regarding fiduciary duties of directors of publicly traded Massachusetts corporations.

Represented members of the board of directors regarding their fiduciary duties during company's insolvency and distressed sale process.

If you're a retirement plan professional, it's even more critical to undertake these 2 actions regarding the fiduciary rule.

The Department of Labor has issued back - to - back guidance, in the form of frequently asked questions, for advisors as well as for investors and workers regarding its fiduciary rule, which takes effect on April 10.

«Nothing hard is easy; nothing worth doing is easy,» Ketchum responded, adding that while he has «tremendous respect» for the «range of concerns» expressed by some SEC commissioners regarding a fiduciary rule for brokers, he has «great confidence» in White being able «to move this [rulemaking] forward.»

Johnson released in February a report titled «The Labor Department's Fiduciary Rule: How a Flawed Process Could Hurt Retirement Savers,» which stated that the DOL «disregarded concerns and recommendations» from SEC staff regarding its fiduciary rulemaking.

Fox Rothschild's Taxation & Wealth Planning attorneys not only provide clients with sophisticated estate planning advice to help preserve wealth, but we also assist trustees and executors with the administration of trusts and decedent's estates, helping them navigate the often complicated system of intestacy laws and providing advice regarding fiduciary responsibilities.

Not exact matches

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Analogic Corporation («Analogic» or the «Company»)(NASDAQ GS: ALOG) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by an affiliate of Altaris Capital Partners, LLC («Altaris») in a transaction valued at approximately $ 1.1 billion.

Another theme of commenters and petitioners supporting delay is that, even without regard to the President's Memorandum, the Department initially erred in adopting April 10, 2017, as the applicability date of the Fiduciary Rule and PTEs.

Advisers who presently are fiduciaries may be especially likely to fully satisfy the PTEs» Impartial Conduct Standards before January 1, 2018, in the ERISA - plan context, because advisers who make recommendations to plans and plan participants regarding plan assets, including recommendations on rollovers or distributions of plan assets, are already subject to standards of prudence and loyalty under ERISA and a violation of the Impartial Conduct Standards would be subject to claims for civil liability under ERISA.

Thus, the amendment expanded the scope of the existing exemption and allowed investment advice fiduciaries to receive compensation for such transactions, provided they make certain disclosures in advance regarding the interest that will be charged.

Some of these commenters and petitioners also asserted that individual retirement investors — those most impacted by the Fiduciary Rule and PTEs — have not themselves focused on how investment products, related services, and costs may change and need more time to understand, process, and make decisions regarding their accounts and services.

In that same document, the Department sought comments regarding the examination described in the President's Memorandum and on more general questions concerning the Fiduciary Rule and PTEs.

Last month, the DOL held 4 days of hearings regarding its proposed fiduciary rule.

The opinions expressed are not intended to serve as investment advice (either under the Investment Advisers Act of 1940, or the Department of Labor's Fiduciary Advice Rule), a recommendation, offer, or solicitation to buy or sell any securities, or recommendation regarding specific investment strategies.

The White House's National Economic Council will be performing «industry outreach» regarding the Department of Labor's redraft of its rule to amend the definition of fiduciary under the Employee Retirement Income Security Act, according to an industry official.

«Broker - dealers have to make a lot of very difficult, and in some cases expensive, decisions» regarding DOL fiduciary rule compliance, Fred Reish, partner in Drinker Biddle & Reath's employee benefits and executive compensation practice group, told ThinkAdvisor in a recent interview.

AAP intends to submit comments separately regarding the demerits of the Fiduciary Rule and the questions the President's memorandum raised about the Rule.

«Because IRA's are tax preferred savings accounts and not employee benefit plans, any new fiduciary rules regarding IRAs should be drafted by the Treasury Department.

ThinkAdvisor reported last July that the White House's National Economic Council would be performing «industry outreach» regarding the DOL's fiduciary redraft.

Then there's the current dispute regarding the Department of Labor's push for fiduciary standards for advisors servicing smaller 401 (k) accounts.

Perez's comments come after Rep. John Kline, R - Minn., chairman of the House Education and the Workforce Committee, and Rep. Phil Roe, R - Tenn., chairman of the Health, Employment, Labor and Pensions Subcommittee, told Perez in March 4 letter to furnish to them by March 18 all of the correspondence between the DOL and SEC regarding DOL's fiduciary redraft.

The two lawmakers state that they specifically want to see correspondence regarding the department's consultation with SEC «as it worked to introduce a new proposal to redefine the fiduciary standard» under the Employee Retirement Income Security Act.

«Last month, in the midst of uncertainty regarding whether the Trump administration would take actions to delay or roll back this rule, I wrote to over 30 leading finance companies regarding their commitment to helping workers save for retirement, their support for the DOL fiduciary rule, and their preparedness to comply with the rule in April,» Warren told Hugler in her Tuesday letter.

And the Department of Labor's proposed fiduciary rule, while not fully implemented, has certainly raised a flag in the minds of financial intermediaries regarding costs.

Now with the fiduciary standard in place, brokers have to be more upfront, transparent regarding fees and commissions, and recommend retirement products in their client's best interests.

Determines the investment objectives, risk tolerance, financial circumstances and needs of the client, without regard to the financial or other interests of the fiduciary or any other party.

Based on conversations with and reports by legal and fiduciary experts, the product solution does not need to be the BEST product in the universe, but needs to serve the client's interest without regard to your interest.

New Constructs submits the following comments regarding the Department of Labor's proposed rule entitled Definition of the Term «Fiduciary» — Delay of Applicability Date.

With our fiduciary responsibility, you can rest assured that we will work for your best interests, providing you with sound advice regarding financial tools such as stocks, bonds, mutual funds, and exchange - traded funds.

The Enrollment Program also authorizes a superior court to have jurisdiction over enrollees by allowing it to «appoint a receiver, monitor, conservator, or other designated fiduciary or officer of the court for a defendant or the defendant's assets,» as well as authorizes the Commissioner of Business Oversight to «include in civil actions claims for ancillary relief, including restitution and disgorgement, on behalf of a person injured, as well as attorney's fees and costs, and civil penalties of up to $ 25,000» for up to four years after the purported violation occurred and «refer evidence regarding violations of the bill's provisions to the Attorney General, the Financial Crimes Enforcement Network of the United States Department of the Treasury, or the district attorney of the county in which the violation occurred, who would be authorized, with or without this type of a reference, to institute appropriate proceedings.»

Fiduciaries are solely responsible for exercising independent judgment in evaluating any transaction (s) and are assumed to be capable of evaluating investment risks independently, both in general and with regard to particular transactions and investment strategies.

The basics regarding the three categories of director obligations — fiduciary duties, duties of care and statutory liabilities — are outlined below.

The case is also instructive in continuing the trend toward broader application of the term fiduciary with regard to retirement plans, especially small business 401k plans with typically higher and often hidden fees.

With our fiduciary responsibility, you can rest assured that we will work for your best interests, providing you with sound advice regarding financial tools such as stocks, bonds, mutual funds, and exchange - traded funds.

The Department of Labor's fiduciary rule, in effect since June, requires anyone giving investment advice regarding a 401 (k) or an IRA — including, for the first time, securities brokers — to act in the client's best interest.

No information contained herein should be regarded as a suggestion to engage in or refrain from any investment - related course of action as none of PIMCO nor any of its affiliates is undertaking to provide investment advice, act as an adviser to any plan or entity subject to the Employee Retirement Income Security Act of 1974, as amended, individual retirement account or individual retirement annuity, or give advice in a fiduciary capacity with respect to the materials presented herein.

The opinions expressed are not intended to serve as investment advice (either under the Investment Advisers Act of 1940 or the Department of Labor's Fiduciary Advice Rule); a recommendation, offer, or solicitation to buy or sell any securities; or a recommendation regarding specific investment strategies.

We decided to sign on with Justin and Shannon at PWL Capital for several reasons: the passive investment model, good interpersonal skills, transparency with regards to fees, and adherence to the fiduciary standard.

You acknowledge and agree that your relationship with Blue Buffalo is not a confidential, fiduciary, or other type of special relationship, and that your decision to submit any User - Submitted Content does not place Blue Buffalo in a position that is any different from the position held by members of the general public, including with regard to your User - Submitted Content.

of the Legal Prof. 283, at pp. 296 - 298, I suggested that we should regard lawyer independence as a public trust and that we should meld non-governmental oversight and the public trust as the way to deal with lawyer regulators who breach their fiduciary duty to regulate in the public interest.

Thus, regarding the claim for negligent breach of fiduciary duty, the Superior Court grant of summary judgment in favor of defendants was reversed.

On April 8 and 9, 2010, and all material times, Hamilton and Cassels Brock owed a fiduciary duty and duty of good faith to the Plaintiff, and were obligated to act with regard to the Plaintiffs interests and keep and protect the Plaintiffs confidences as a result of the relationship that existed as between the Plaintiff, Hamilton and Cassels Brock, including as a result of the legal advice that had been provided by Hamilton and Cassels Brock to the Plaintiff on or about April 7, 2010 at a time when the Plaintiff was vulnerable and dependent upon Hamilton and Cassels Brock and relying upon their professional advice.

We represent clients in a broad range of will contests, including claims of undue influence and breach of fiduciary duties, as well as with issues regarding guardianships, conservatorships, and personal representative disputes.

He often has conducted and coordinated employment related investigations and has frequently advised clients with regard to federal and state legal and regulatory requirements, the fiduciary responsibilities of corporate and governmental governing boards and general legal obligations.

A member of Eversheds Sutherland (US)'s Tax Practice Group, Larry White advises clients regarding estate, gift and generation - skipping transfer tax; income taxation of estates and trusts; wills, trusts and administration of estates; life insurance planning; tax controversies; and fiduciary litigation.

Regarding the claim for negligent breach if fiduciary duty, the court stated that the limitations period begins to run when the beneficiary actually knows that the fiduciary breached the trust.