Broker Check

What is a Fiduciary

Arthur Laby, Rutgers University law professor, describes the duty of loyalty as a “negative duty” in that it typically requires the fiduciary to refrain from behavior that could be injurious to the client, e.g., do not engage in self dealing or place your interests ahead of the client’s, do not mislead, do not commingle client funds, do not reveal private client information, and so forth.

© 2017 Investments & Wealth Institute.