maximize their own welfare within the boundaries of the regulatory rulebook. Applying a fiduciary standard to all financial …

Investment managers owe fiduciary duties to clients, including the duty of loyalty and the duty of care. A persistent … much of investment management regulation is a response by regulators to the uncertainty inherent in the fiduciary …, are attempting to specify what precisely is required of investment managers in the context of exercising their fiduciary …

that imposes on financial advisers to retirement savers “fiduciary” status under the Employee Retirement Income Security … Act. The Department reasoned that the fiduciary duty of loyalty was necessary to protect retirement savers from conflicted … investment advice. But in addition to a duty of loyalty, ERISA fiduciary status also imposes a duty of care or prudence. And with …