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What is fiduciary duty?

Any relationship between two parties in a transaction where at least one of the parties is required to act in good faith and for the benefit of the other party is said to be a fiduciary relationship. One of the most common examples of this is that a lawyer retained by a client, the attorney …

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Designating a financial power of attorney is an important estate planning tool

One of the easiest and most important things you can do to protect your financial affairs is to arrange for another person to manage your finances if you become incapacitated for any reason. Although many people overlook this important step, if you don’t set up a financial power of attorney, your assets could be thrown …

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Whistleblowers are protected by state and federal laws

When an employee suspects that their employer is acting illegally in a way that could compromise the health and safety of others, they can report these actions as part of a whistleblower complaint. Whistleblowers may also file complaints about financial irregularities when they believe corporate or publicly traded company fraud exists. Depending on the nature …

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Using arbitration to resolve securities disputes

Although stockbrokers and brokerage firms legally have an obligation to act in the best interests of their clients, unfortunately, that does not always happen. In a high-stakes financial situation, you could find yourself the victim of misconduct by your financial representative for any number of reasons, including: Churning Misappropriation Unauthorized trading Failure to diversify Misrepresentations …

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