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FSB Press Releases
May 16, 2013 FIDUCIARY STANDARDS BOARD REACTS TO SEC INQUIRY

The Fiduciary Standards Board (FSB) has issued a briefing that warns of the extinction of fiduciaries as an unintended consequence of well meaning policies and regulations. The briefing entitled “The Fiduciary’s Existential Role”, raises the concern that using a fiduciary standard as a form of punishment will diminish the lifespan of existing fiduciaries and create a disincentive for new fiduciaries.

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