#fiduciary — Public Fediverse posts

Malaysian court orders ex-PM #Najib to pay $1.68b to former #1MDB unit over fiduciary duty breach⚖️
"Justice Ahmad Fairuz Zainol Abidin, now a Court of Appeal judge, found tt Najib was liable to account for & pay te sum of US$1.18 billion & US$120million to SRC. Te US$1.18 billion was te loss of proposed investment funds linked to SRC, while te US$120million was te compensation for Najib’s #fraudulent #breach of #fiduciary #duties"
👉If he doesn't pay, let him rot in #jail.
https://www.straitstimes.com/asia/se-asia/malaysia-court-orders-ex-pm-najib-to-pay-1-68b-to-former-1mdb-subsidiary-over-fiduciary-duty-breach

CG Co-Director Melinda Mills spoke at The #Fiduciary #Investors Symposium, warning that a shrinking #European #population will trigger significant changes in #economic growth & #investor opportunities.

Read the full write-up of her talk:
https://www.top1000funds.com/2025/11/investors-wrestle-with-europes-demographic-timebomb/

#investment #investmentopportunities #retirement #retirementfunds #investmentfunds #pensionfunds #pensions #workingage #populationdecline #demography #demographictimebomb #socialscience #economics #economy #pension

This article should have been titled Deregulation - Trump’s financial watchdogs promise a revolution. The regulatory pendulum swings violently #SEC #federalreserve #OCC #CFPB #CFTC #Crypto #gao #oversight #audits #regulations #congress #law Eeconomy #financialsystem #financialstability #pensions #fiduciary
The Economist no paywall https://archive.is/fZuMl#selection-1127.0-1131.40

State pension plans can adopt crypto more easily than private plans - Pension funds often feature smaller alternative asset allocations and de... - https://cointelegraph.com/news/state-pension-plans-adopt-crypto-easily-private-plans #retirementportfolio #statepensionfunds #retirementplans #pensionfunds #retirement #fiduciary #pensions #bitcoin #401k

"Three #investors have filed a #lawsuit against Charles #Schwab, alleging that the firm has breached its #fiduciary duty by designing its cash-sweep program to primarily benefit itself at the expense of its clients."

https://franknez.com/charles-schwab-now-enters-a-lawsuit-for-cheating-its-customers/

@mikarv
I see the choice in #AI right now is between #agency law and #fiduciary law as the governing framework.

Might be interesting if a whole lotta folks each buy one share of #Chubb, then file a class action suit against the CEO for backing #Trump and posting his $91MM bond. What a slap in the face to Chubb shareholders. #Fiduciary #negligence.

https://www.google.com/gasearch?q=chubb%20stock%20price&tbm=&source=sh/x/gs/m2/5

@virginiaheffernan
We need to tie use of #AI to a #fiduciary duty of those proposing and using AI
https://linuxatty.wordpress.com/2024/01/26/limits-of-ai-and-llm-for-attorneys/

https://linuxatty.wordpress.com/2024/01/26/limits-of-ai-and-llm-for-attorneys/

#ai #llm #attorney #law #fiduciary #Schneier #creepio #auralnauts

"Directors have a clear #fiduciary responsibility to effectively manage the risks their companies face, and surely paramount among them is the prospect of their projects and assets becoming #stranded as governments and markets move away from #FossilFuels. Company directors also have a clear duty of care to meet their responsibilities under our national commitment to #emissions reduction."

https://www.thesaturdaypaper.com.au/opinion/topic/2023/05/06/climate-fighting-change

The special district #DeSantis wrenched from #Disney control provides #infrastructure to the parks. Water, wastewater, power and much more. It holds bond debt, probably in the hundreds of millions of dollars to finance that infrastructure. Board members have a #fiduciary responsibility to protect the interests of the bond holders. Curious to see them try to leverage those responsibilities to dictate Disney’s activities. Ask their Bond Counsel. They don’t have the unfettered power they think.

former SEC Chief of Internet Enforcement John Reed Stark: "Six months ago, I wrote a series of scathing LinkedIn posts/Tweets about Katherine Molnar, Chief Investment Officer of the Virginia Pension Fund. I was concerned about Molnar’s #crypto-related investments, especially since she was investing the retirement cash of local police.

It turns out the situation was just as bad as I suspected."

https://www.linkedin.com/posts/john-reed-stark-3806866_fairfax-county-virginia-pension-funds-exposed-activity-7022340871123587072-426J?utm_source=share&utm_medium=member_ios #cryptocurrency #fraud #bitcoin #FTX #fiduciary

Creditor offers Bitcoin miner Core Scientific $72M to avoid bankruptcy - B. Riley suggested the embattled miner’s issues were “self-impose... - https://cointelegraph.com/news/creditor-offers-bitcoin-miner-core-scientific-72m-to-avoid-bankruptcy #shareholders #stakeholders #fiduciary #riley #rily #corz #core

Are Tesla board members in breach of their fiduciary duty to shareholders to protect value and reputation of $TSLA?

Question circulating on the Birdsite

#Tesla #fiduciary #shareholder #liability #Musk #stockmarket #business

Les opérateurs Quantum revendiquent une attaque informatique à l'encontre de:

• 🇺🇸 Orotex (orotexus.com)
• 🇹🇷🇳🇱 PilenPak (pilenpak.com)
• 🇺🇸 Chemi-Flex LLC (chemiflex.com)
• 🇬🇧 Radical Motorsport (radicalmotorsport.com)
• 🇬🇮 Acquarius Trust Group Gibraltar (acquarius.gi)
• 🇺🇸 AHT Wisconsin Windows (ahtwindows.com)

#usa #gibraltar #turkey #uk #netherlands #fiduciary #ransomware #corporation #marine #business #legal #employees #accountancy #fiscal #threats #services #fintech #careers #funds #establishment #financial #market #film #quantum #products #firms #compliant #pensions #corporate #trust #doors #databreach #investors #maintenance #online #shareholders #retirement #extrusion #material #industrial #supply #offices #clients #accounting #resources #foreign #automotive #offshore #payments #commercial #admiralty #bondholders #virtual #manufacturers #materials #companies #yacht #packaging #equipment #logistics #solutions #insurance #tax #windows #management #informatique

Your Agent is a Fiduciary … So What?

A lot of people worry about their contract with their literary agent, and it is very important that you read and understand your agency contract.

However, many authors are unaware that their agents also owe them fiduciary duties on top of the contractual duties. This is because agency, by its

http://lunastationquarterly.com/your-agent-is-a-fiduciary-so-what/

#agent #bookpackager #communication #conflict #contract #duty #fiduciary #publisher