Articles > Reference > News Wires, White Papers, and Books > US Fed News Service, Including US State News news wires > January-March 2006 > Monday, February 27

Article: SEC OFFICIAL SPEAKS ON FIDUCIARY DUTY

Article from:
US Fed News Service, Including US State News
Article date:
February 27, 2006
Copyright

The Securities and Exchange Commission issued the text of the following speech:

Fiduciary Duty: Return to First Principles by

Lori A. Richards

Director, Office of Compliance Inspections and Examinations U.S. Securities and Exchange Commission

Good morning. I am pleased to be here, as you consider practical methods to address the range of compliance issues that you face. Nothing could be more important to us at SEC than helping to ensure that advisers prevent, detect and correct compliance problems. I want to thank David Tittsworth and Hugh Kennedy for inviting me to speak with you today.

As we look at the compliance environment today, there are some facts worth noting. First, there are a ...

Read all of this article with a FREE trial

Related newspaper, magazine, and journal articles:

Article: Investment Company Act-Fiduciary Duty of ...
Mondaq Business Briefing;  March 13, 2009 ;     700+ words ... ... 11, 2009 Keywords: Investment Company Act, fiduciary duty, investment advisers, congress, mutual fund investors, Jones v ... who often create and manage mutual funds, "a fiduciary duty with respect to the receipt of compensation for ...

Article: Letter: All Investment Advisers Should Have ...
The Bond Buyer;  March 25, 2009 ;     700+ words ... ... Exchange Commission-registered investment advisers are subject to an over-arching fiduciary duty under the Investment Advisers Act of 1940, the letter urges Congress to extend the same fiduciary duty to all entities providing advisory ...

Article: Suitability vs. fiduciary duty.(Other Views)
Pensions & Investments;  March 3, 2008 ;     700+ words ... ... between broker-dealers and investment advisers has always been an important ... distinguish broker-dealers and investment advisers along the lines that federal ... made attempts to explain fiduciary duty (of investment advisers) and suitability (standard ...

Article: Congress urged to impose fiduciary duty on all ...
Investment News;  July 20, 2009 ;     698 words ... ... Organizations representing investment advisers and consumers last week ... extension of the overarching fiduciary duty that investment advisers owe their clients under ... Standards Inc., the Investment Advisers Association, the North ...

Article: 2000 Broker-Dealer Survey - Check - Ups: RIAs have a ...
Financial Planning;  June 1, 2000 ;     700+ words ... ... working, it's working." Registered investment advisers have a fiduciary duty to evaluate carefully the brokerage relationships ... Soft Dollar Practices of Broker-Dealers, Investment Advisers and Mutual Funds," located at www.sec ...

Article: Debate over fiduciary duty heats up; SIFMA is ...
Investment News;  October 5, 2009 ;     700+ words ... ... clients. By contrast, investment advisers, who are regulated by ... requiring both registered investment advisers and brokers giving investment ... fiduciary as it applies to investment advisers. Specifically, SIFMA ... reliance that triggers fiduciary duty is going to shed ...

Article: Federal District Court Dismisses Shareholder Suit Alleging Fund ...
Mondaq Business Briefing;  August 30, 2007 ;     700+ words ... ... Fund Board Breached Fiduciary Duty in Approving New ... Fund Board Breached Fiduciary Duty in Approving New ... their respective investment advisers to be effective upon ... framed his breach of fiduciary duty claim as a derivative ...

Article: FIDUCIARY DUTY: SEC ALLEGES CONFLICT OF INTEREST IN ...
Pensions & Investments;  July 12, 1999 ;     700+ words ... ... violating sections 206(1), 206(2) and 207 of the Investment Advisers Act of 1940, the Securities and Exchange Commission alleges ... complaint states. ``MPI, as an investment adviser, had a fiduciary duty to fully disclose to its clients all possible material ...

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!

Find articles, research, and archives