Thursday, November 3, 2011

Yeah, and?

Yeah, and?
“But to say that a man is a fiduciary only begins analysis; it gives direction to further inquiry.  To whom is he a fiduciary?  What obligations does he owe as a fiduciary?  In what respect has he failed to discharge these obligations?  And what are the consequences of his deviation from duty?”
SEC v. Chency Corp., 318 U.S. 80, 85-86 (1943)

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