Given the relationship of trust and confidence that exists between pensions and consultants, you would think there would be no question that consultants acknowledge their status as fiduciaries to funds.

FORBES: International Campaign to Eliminate Pension Consultant Abuses (November 2, 2004 )

If they had remained close friends during the period when Gupta conveyed the information to Rajaratnam, Gupta could have argued that although he conveyed confidential information to Rajaratnam, he did so pursuant to a relationship of trust and confidence and an expectation forged by their years of friendship that Rajaratnam would have maintained the confidentiality of that information.

FORBES: Insider Trading: Are "Relationships of Trust and Confidence" the Last Line of Defense?

"Part of our relationship is based on trust and confidence and very deep economic and cultural engagement, and part of it has clear components of distrust and uncertainty, " Campbell said.

NPR: Lew Visit Marks US-China Re-Engagement