#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

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

"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/

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