Remove 2021 Remove Fiduciary Duty Remove License
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Does being a fiduciary financial advisor REALLY matter – or is it “meh?”

Sara Grillo

Legal definition of the fiduciary standard To quote directly from a paper by Attorney Lorna Schnase , two bodies of law form the legal basis for the fiduciary standard: Common law: Under common law principles of agency, an investment adviser, as agent, owes fiduciary duties to its client, as principal.3

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6 Tips to Avoid Financial Fraud and Guard Your Investments

WiserAdvisor

According to the Federal Trade Commission (FTC), in 2021, American consumers lost over $5.8 In 2021, over 2.8 million Americans in 2021. Imposter scams in the country were one of the most prevalent forms of fraud in 2021, where a typical victim lost about $1,000. However, the numbers tell a different story.

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Transcript: Gretchen Morgenson

The Big Picture

MORGENSON: And by 2021, they were extracting 70 billion in dividend recapitalizations. It had been prevented, had been barred from that before because of this fiduciary duty idea and also because of the opacity of these instruments. But so you had these dividend recaps. RITHOLTZ: Wow. Tell us about that.