 |
Definition of 'Fiduciary Negligence'
A professional malpractice in which a person fails to honor his or her fiduciary obligations and responsibilities. Fiduciary negligence occurs when a fiduciary fails to act on breaches of fiduciary duty when his or her actions could have prevented the infractions.
|
 |
Investopedia explains 'Fiduciary Negligence'
Suppose that a company's shareholders entrust their funds with the firm's management. If the company's employees are embezzling money or expensing funds on lavish dinners and gifts and the chief financial officer fails to check the financial accounts, allowing such infractions to go unnoticed, that officer would be considered negligent and held accountable even if he or she did not benefit from these actions.
|
Search results for 'Fiduciary Negligence'
-
http://www.investopedia.com/articles/professionaleducation/07/AIF-AIFA.asp
... While such standards have not been the norm in the past, recent cases of fiduciary
negligence and resulting legislation has placed the focus on fiduciary ...
-
http://www.investopedia.com/articles/financialcareers/09/are-you-trying-to-get-sued.asp
... Negligence is Not a Valid Excuse Negligence can also be a basis for getting sued ...
act in the best interests of their clients, adhere to fiduciary duty, maintain ...
-
http://www.investopedia.com/articles/08/fiduciary-responsiblity.asp
... Now the fiduciary is ready to proceed with the implementation of the ... any of their
responsibilities, because they could be equally liable for negligence in each ...
-
http://www.investopedia.com/exam-guide/cfp/principles-of-risk-and-insurance/default.asp
... Solicitation; 7.6 State Securities and Insurance Laws; 7.7 Business Law:
Contracts; 7.8 Agency; 7.9 Fiduciary Liability; 7.10 Consumer ...
|
|
