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This Article provides the first sustained account of advice-giving as a fiduciary activity, and it demonstrates that … the dominant approach to defining fiduciary relationships is flawed. Leading academic commentators assert that fiduciary … fiduciaries by the courts. The dominant academic view of fiduciary relationships is therefore incomplete because it does not …
Persistent link: https://www.econbiz.de/10014100323
are subject to a strict fiduciary standard to act in their clients' best interest while brokers are subject to a less … fiduciary duty on brokers that give advice. This Article is about whether the SEC should exercise its authority. After … explaining the historical context regarding the debate over a fiduciary standard, the Article critiques common arguments for a …
Persistent link: https://www.econbiz.de/10012949750
explains fiduciary principles in investment advice. Looking at United States federal and state law, the paper first addresses … when an adviser is considered a fiduciary. Next, it discusses the fiduciary duty of loyalty and how the duty is expressed … and applied in investment advisory relationships. The paper then takes up the fiduciary duty of care and how it differs …
Persistent link: https://www.econbiz.de/10012862365
At the heart of corporate governance are fundamental doctrines that limit court scrutiny of fiduciary and stockholder … fiduciary decisions when a fiduciary has financial stakes on both sides of the challenged transaction (as with Elon Musk in the … guidance as to shareholder cleansing but also provide guidance in selecting the proper standard of review of fiduciary …
Persistent link: https://www.econbiz.de/10014349324
two issues: to what extent should investment bankers have fiduciary duties to investors? And should there be criminal … problems that might exist in the investment banking industry. Fiduciary duties are an amorphous concept which courts and … problems with fiduciary duties would be significantly exacerbated by imposing criminal liability for their breach …
Persistent link: https://www.econbiz.de/10013139195
Purely speculative derivatives (PSDs) are derivatives in which neither counterparty is engaged in hedging. Unless used for entertainment purposes, PSDs are irrational, less-than-zero-sum transactions. Entities that engage in PSDs jeopardize their stakeholders and increase systemic risk. PSDs can...
Persistent link: https://www.econbiz.de/10013029444
The U.S. Securities and Exchange Commission seeks to regulate non-U.S. domiciled financial firms when U.S. investors' interests are affected. In 2010, in Morrison v. National Australia Bank, the U.S. Supreme Court narrowed the circumstances when extraterritorial regulation is appropriate....
Persistent link: https://www.econbiz.de/10012951972
dealing with such fraud or lack of judgment. Misreporting for personal benefit was clearly a breach of the fiduciary duty of … the emerging fiduciary duty of good faith. The article also points out that the misdeeds occurred in the banks during an …
Persistent link: https://www.econbiz.de/10013081401
The paper aims to investigate some significant critical issues of the national and international regulation of bank interest rate risk. Particularly, the paper examines the link between internal models and standardized models used by banks to provide financial information to banking authorities...
Persistent link: https://www.econbiz.de/10013112509
Several commentators have argued that financial “reform” legislation enacted after a market crash is invariably flawed, results in “quack corporate governance” and “bubble laws,” and should be discouraged. This criticism has been specifically directed at both the Sarbanes-Oxley Act...
Persistent link: https://www.econbiz.de/10013112700