Our investigations have consistently revealed that breaches of fiduciary duty by financial advisers and vendors to pension plans result in substantial, quantifiable harm.
But at the heart of the scandal lay vital questions about how London strikes the balance between its ambition to be a global financial centre and its duty of care to ordinary investors.
PricewaterhouseCoopers is, and still is, the financial, statutory auditor - with the duty to give an opinion on financial statement verity - of some of the biggest players in the financial crisis.
The Vatican said they had a "cordial" private conversation about the financial crisis "and the duty to pursue initiatives benefiting the less developed countries".
This is especially true given the legal implications in the areas of the duty to disclose for financial institutions contemplating a SCF transaction.
In his quote, Milton Friedman alludes to the traditional notions of fiduciary duties of corporate officers and other agents like financial advisors that require a strict duty of loyalty to the interests of the principle (the shareholders).
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Mr. Neustadt said the department had the duty to look at all financial institutions.
An additional facet of the disclosure complex, especially as it relates to the scienter standard of recklessness, is the implication for the financial institutions and their professional advisors of a duty to conduct a reasonable due diligence to make certain that what they have said about SCF is the whole of the material truth.
This is not only a good idea, but a duty on the part of a qualified financial or tax advisor.
The dismissal ends a legal drama that accused the financial markets' top cop of breach of fiduciary duty and negligent misrepresentation involving a Finra merger proxy.
As Hong Kong's financial secretary, he slashed the city's wine duty to zero in 2008.
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When the certificant provides financial planning or material elements of financial planning, the certificant owes to the client the duty of care of a fiduciary as defined by the CFP Board.
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Chancellor of the Exchequer George Osborne (essentially head of the treasury and czar of all things financial) explained that the decision to abolish the stamp duty tax was meant to benefit small and medium sized businesses.
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What duty of care do the Shariah authorities owe the financial institutions?
Scores of employees sued the two companies in the wake of the financial crisis, accusing Citi and McGraw Hill of violating a duty to disclose potential red flags for future performance by the stocks to the employees investing in them.
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Public corporations have a duty to their shareholders to protect themselves or face the financial, legal and reputational harm that a computer security breach would cause.
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If they are regulated by the Financial Industry Regulatory Authority, or FINRA, they also have a suitability duty for their stock tips.
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Louis Financial and Chase deny any liability or misconduct, but did they have the duty to steer Vardiman away from the adjustable loan?
They want us to believe they alone are immune from the power of financial incentives such as lucrative consulting engagements that overshadow the fees for their public duty as the auditor.
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The authorities have taken a number of steps to restrain the demand for the metal, including the federal government raising the import duty on gold and the RBI forbidding banks and non-bank financial companies from financing the purchase of gold in any form.
These advisers breached their fiduciary duty by allowing their clients to invest such a substantial portion of their financial assets into one product.
Fiduciary duty requires that institutions invest capital with the expectation of earning a competitive rate of financial return commensurate with risk.
And what good does any of this do if the auditors, who have a duty to the shareholders to stand up to the company executives and complicit or complacent regulators before the financial statements are final and ready to sign, just stand there and take it?
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