Fiduciary Duty – Article ( Articles ) Fiduciary Duty (F-Duty) A Foundation of Trust in Investments, But Not Always A F-Duty is a legal obligation that arises when one party, the fiduciary, acts on behalf of another party, the principal, and is bound to act in the principal’s best interests. This duty is a cornerstone of trust in […]
Category: Fiduciary Duty
A Fiduciary Duty is a legal obligation that arises when one party, the fiduciary, acts on behalf of another party, the principal, and is bound to act in the principal’s best interests. This duty is a cornerstone of trust in many areas, particularly in the financial world, where investors rely on financial professionals to manage their assets wisely.
SEC-PR-2024-187
SEC-PR-2024-187 (11-25-24) SEC Charges Ken Leech, Former Co-Chief Investment Officer of Western Asset Management Co., with Fraud – Defendant allegedly engaged in cherry-picking, allocating hundreds of millions of dollars in net first-day gains and losses to favored and disfavored portfolios, respectively Excerpt: Washington D.C., Nov. 25, 2024 — The Securities and Exchange Commission today announced […]