Against an investment advisor firm for breach of their fiduciary duties to their clients.
$2.5 Million Settlement
March 7, 2016
Against an investment advisor firm for breach of their fiduciary duties to their clients. investment firms of all sizes have an obligation to perform and trade securities in their client's best interests. This is called the Fiduciary Rule. Clients place their trust in investment firms to generate the best possible outcome for them, and when that trust is breached these investment advisors must be held accountable. In this instance, they were... to the tune of $2.5 million.