Precedent that clarifies an adviser's fiduciary duties

09/16/2013 | ThinkAdvisor

Fiduciary principles for advisers have long been an underpinning of the profession and are highlighted in the six core fiduciary duties set forth in a white paper by the Institute for the Fiduciary Standard. They were articulated by the Securities and Exchange Commission in a 1948 case that still applies today. This article discusses the significance of the case and how it can shed light on the potential uniform fiduciary standard under consideration by the SEC.

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