Tagged: brokers

Fiduciary and investment banks

May 5th, 2010 in Law 0 comments

money changing handsOn the heels of allegations that Goldman Sachs took advantage of clients during the mortgage-market collapse, Congress reportedly is considering new legal standards for investment banks when they deal with customers.  Law Professor Tamar Frankel, an authority on securities law and author of “Trust and Honesty: America’s Business Culture at a Crossroad,” says slapping fiduciary duties on investment bankers would prevent them from acting for their own benefit at the expense of the investors.

“The result may be that brokers and investment bankers will innovate less for their own benefit and might even, God forbid, earn less.  But the financial system will be less subject to bubbles and crashes, so investors might earn less but they’ll also lose less.”

Contact Tamar Frankel, 617-353-3773, tfrankel@bu.edu

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Brokers and "fiduciary" duty

June 19th, 2009 in Law 0 comments

Individual investors can benefit from a proposal within the Obama regulatory reform plan that obliges brokers to put their client’s interest ahead of their own and act with a higher “fiduciary” standard.  School of Law Professor Tamar Frankel, an expert on fiduciary law, can discuss how it would clear up the blurring of when the law applies to brokers and investment advisers.

Contact Tamar Frankel, 617-353-3773, tfrankel@bu.edu

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