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Topical Terminology > Breach Of Fiduciary Duty



1 Definition

Breach Of Fiduciary Duty

For Breach Of Fiduciary Duty we have a term and definition in Securities Fraud.



Breach Of Fiduciary Duty (Securities Fraud)

A fiduciary duty is a legal obligation to treat another person fairly and honestly, and to act only in the best interests of that person. Stockbrokers, financial advisors and investment sponsors owe investors a fiduciary duty. Acts of fraud and negligence obviously breach this fiduciary duty, as can the failure to carry out instructions and the failure to disclose all material facts regarding an investment. The person breaching a fiduciary duty can be held liable for damages caused by the breach.




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