Fiduciary Forensics, Fiduciary Forensics Subscriber, Reading Lounge, Reading Lounge Subscribers
The CFA Institute and the Wall Street Journal seem to agree that fiduciary is not an appropriate moniker for every financial consultant. Titles, such as “advisor” or “broker,” should be used by different groups. Dealing with a fiduciary is no guarantee of getting...
Fiduciary Forensics, Fiduciary Forensics Subscriber, Reading Lounge, Reading Lounge Subscribers
The short answer is “Yes” Here are the reasons: 1. The SEC DID NOT make a “Fiduciary” rule, despite what you may read elsewhere. With respect to the TWO (2) proposals they made, they never, not once in the 500+ pages referred to or used the word, “Fiduciary” That’s a...
Fiduciary Forensics Subscriber
These are the answers we did not provide in our humor piece. We actually think these are a little better. A client calls (you don’t personally know them or can’t verify who it as, but they have enough information (acct #s, etc). Maybe it’s the client’s accountant, or...
Fiduciary Forensics Subscriber
Fiduciary Principles and Process
Fiduciary Forensics Subscriber
On March 7, 1988, Judge Sweet of the Southern District Court of New York found Malcolm Cohen personally liable for $627,431 for violating his fiduciary responsibilities with respect to the investments of the Miller Druck employee benefit plan. Whitfield v. Cohen. 9...
