Self-Dealing

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Dictionary Says

Definition of 'Self-Dealing'

A situation in which a fiduciary acts in his own best interest in a transaction rather than in the best interest of his clients. A fiduciary is legally obligated to act in the best interest of his clients. If he breaches this obligation, the wronged party can sue the fiduciary for monetary damages.
Investopedia Says

Investopedia explains 'Self-Dealing'

Individuals who may be in the position of fiduciary include trustees, attorneys, corporate officers, board members and financial advisors. An example of self-dealing would be if a broker knowingly advised his clients to purchase products which would cause them harm, but would pay the broker a hefty commission.

Search results for

'Self-Dealing'

  • House Your Retirement With Self-Directed Real Estate IRAs

    http://www.investopedia.com/articles/retirement/08/self-directed-real-estate-IRAs.asp
    ... Self-Dealing Prohibited You can purchase land or property (residential and commercial)
    in your IRA as long as it does not result in self-dealing. ...

  • 4 Alternatives To A Traditional Mortgage

    http://www.investopedia.com/articles/mortgages-real-estate/10/mortgage-alternatives.asp
    ... While you cannot purchase a home for yourself using your own self-directed IRA because
    of IRS rules that disallow what is called "self-dealing," someone else ...

  • Series 6 Study Guide - Customer Accounts - Death or Incompetence ...

    http://www.investopedia.com/exam-guide/finra-series-6/customer-accounts/death-incompetence-account-owner.asp
    ... Like the custodian in a custodial account, the trustee is a fiduciary who must
    adhere to prudent investor standards and avoid self-dealing. ...

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