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Frankel Fiduciary Prize 2014
About the Frankel Fiduciary Prize
The Institute for the Fiduciary Standard established the Frankel Fiduciary Prize to honor individuals who advance fiduciary principles. The Frankel Fiduciary Prize will be awarded annually to a person who has made significant contributions to the preservation and advancement of fiduciary principles in public life. The prize is named after Professor Tamar Frankel of the Boston University School of Law. You can learn more about Professor Frankel’s research on fiduciary law here.
- August 4, 2014 -Gary Gensler, Former Commodity Futures Trading Commission Chairman, Wins Frankel Fiduciary Prize (press release)
- May 1, 2014 -Frankel Fiduciary Prize Selection Committee seeks nominations for Frankel Prize, which honors individuals who make ‘significant contributions to fiduciary principles in public life.’ (press release)
Why an InstituteThe rationale for an Institute for the Fiduciary Standard is straightforward: The fiduciary standard is important, representing ideas central to our form of government and free market economy; it is under significant pressures from market forces that could sharply limit its reach; no other entity is solely focused on preserving and promoting the fiduciary standard. More...
The 6 Core Fiduciary Duties
- ‣ Serve the client’s best interest
- ‣ Act in utmost good faith
- ‣ Act prudently -- with the care, skill and judgment of a professional
- ‣ Avoid conflicts of interest
- ‣ Disclose all material facts
- ‣ Control investment expenses