#fiduciaryduty — Public Fediverse posts

FYI: Explaining Investment Advisers Act: Investment Advisers Act of 1940: the US law defining who can advise on securities for a fee, imposing fiduciary duty, and governing paid finfluencer endorsements. https://ppc.land/investment-advisers-act/ #InvestmentAdvisersAct #Finance #Securities #FiduciaryDuty #FinancialAdvice

ICYMI: Explaining Investment Advisers Act: Investment Advisers Act of 1940: the US law defining who can advise on securities for a fee, imposing fiduciary duty, and governing paid finfluencer endorsements. https://ppc.land/investment-advisers-act/ #InvestmentAdvisersAct #InvestmentAdvisers #FiduciaryDuty #SecuritiesAdvisory #FinancialInfluencers

Explaining Investment Advisers Act: Investment Advisers Act of 1940: the US law defining who can advise on securities for a fee, imposing fiduciary duty, and governing paid finfluencer endorsements. https://ppc.land/investment-advisers-act/ #InvestmentAdvisersAct #FinancialAdvisors #FiduciaryDuty #SecuritiesRegulation #InvestSmart

Hungary files a criminal complaint over COVID-19 ventilator potential fraud

Hungary’s Ministry of Foreign Affairs has submitted a criminal complaint to prosecutors over potential fraud related to the…
#Hungary #HU #Europe #Europa #EU #anitaorban #BYD #China #COVID-19ventilators #criminalcomplaint #criminaloffences #fiduciaryduty #fraud #hír #hungary #investigation #Magyarország #péterszijjártó #Procurement #SinopharmCOVID-19vaccine #ViktorOrbán
https://www.europesays.com/3215383/

https://www.europesays.com/3215383/ Hungary files a criminal complaint over COVID-19 ventilator potential fraud #AnitaOrban #BYD #China #COVID19Ventilators #CriminalComplaint #CriminalOffences #FiduciaryDuty #fraud #hír #hungary #investigation #Magyarország #PéterSzijjártó #Procurement #SinopharmCOVID19Vaccine #ViktorOrbán

Hungary files a criminal complaint over COVID-19 ventilator potential fraud https://www.byteseu.com/2307568/ #AnitaOrban #byd #China #COVID19Ventilators #CriminalComplaint #CriminalOffences #FiduciaryDuty #Fraud #Hungary #investigation #PeterSzijjarto #Procurement #SinopharmCOVID19Vaccine #ViktorOrban

Samsung Minority Shareholders Press Pension Fund Over Bonus Plan

Samsung Group flags flutter in the wind at Samsung Electronics’ headquarters in Seocho-gu, Seoul. News1 Samsung Electronics (005930.KS)…
#EuropeSays #Korea #KR #SamsungElectronics #Actplatform #fiduciaryduty #minorityshareholders #NationalPensionService #performancebonus #Samsung #semiconductordivisionbonus #shareholdermeetingapproval
https://www.europesays.com/korea/89382/

https://www.europesays.com/3122519/ Gartner (IT) Stock Looks Discounted After Fresh Agentic AI News #AgenticAI #AgenticArtificialIntelligence #AI #ArtificialIntelligence #FiduciaryDuty #Gartner #IndividualInvestors

#FiduciaryDuty: “…what made this nonsensical #shareholdersupremacy standard so damned attractive to corporate leaders?

Well, what if the #ambiguity of shareholder supremacy was a feature and not a bug? What if the function of shareholder supremacy was to absolve the cruelest people for indulging their most sociopathic instincts? What if this "bright line test" was actually a universal excuse, an all-purpose #accountabilitysink that could be used to justify any cruelty or cowardice?”
@pluralistic
https://pluralistic.net/2026/06/13/minority-shareholder-report/

Pluralistic: Shareholder supremacy and the precog CEO (13 Jun 2026)

https://web.brid.gy/r/https://pluralistic.net/2026/06/13/minority-shareholder-report/

Pluralistic: Shareholder supremacy and the precog CEO (13 Jun 2026)

https://fed.brid.gy/r/https://pluralistic.net/2026/06/13/minority-shareholder-report/

RE: https://flipboard.com/@thenewsdesk/top-stories-in-business-fagf35eez/-/a-55z833-VReCnL2-oD55YAw%3Aa%3A43591897-%2F0

Wen #FiduciaryDuty

A Timeline of Trump’s Intel Trades

Here’s a timeline that plots Trump’s Intel trades against Intel’s stock price. I’ve included a few major policy changes and announcements.

It’s a rough sketch that tries to put the Intel trades in context. Maybe others will find it useful.

Trump boasted in January of this year that he had made “tens of billions of dollars for the American people” in the four months after he converted Intel’s Biden CHIPS Act grant to an equity stake. Shares of Intel jumped from the mid-forties to the mid-fifties on this claim, hitting a 52-week high.

Trump’s 278-T disclosures show that he waited things out for a couple of months, as shares settled back into the mid-forties. He started buying shares in early March and continued buying throughout the month.

The president’s disclosure shows him buying Intel stock on six separate occasions. The transactions were relatively small, some around $15,000 others in the 15-50K range, and all below 100,000, according to the disclosure. Fortune notes that “several” of these trades were “unsolicited” (meaning they were not made on the recommendation of a broker). By my count, four of the six trades made in March were unsolicited.

Here’s another look* at Trump’s March Intel trades listed by date and organized into a table. Trades marked “unsolicited” are so described in the president’s disclosure form; those not so described are left blank. 

The trades are relatively small, three in the 15-50K range, only one in the 50-100K range. Let’s not get hung up on that. The dollar amount of the bet is not really the issue, at least as far as presidential ethics and Article II Section 4 misdemeanors go. And, pace Vance, Trump’s wealth does not mean that the rules don’t apply.

It’s also worth noting that the four trades marked unsolicited are bigger bets than the two trades of 17 and 23 March. The first move, on 2 March, looks pretty confident, the kind of move one might make on reliable information. It was repeated in two steps the following week. 

March was a good month to buy. Shares took off at the very start of April on news that the company bought out Apollo Global’s stake in an Irish fab. As the chart shows, shares jumped about 9 percent on the day of the announcement (April 1). It was a breakaway event.

Intel’s press release names some of the many players involved in this transaction.

Among them, Skadden Arps, the law firm that advised Intel in the US government’s acquisition of the equity stake. Under public pressure from Trump, Skadden had previously agreed, in March of 2025, to provide “$100 million in pro bono legal services to causes the president supports.” A shareholder lawsuit in the Delaware Court of Chancery calls out the obvious conflict of interest.

Apollo came away from the deal with a 27 percent return on its initial investment: $3 billion in less than two years. The deal happened quickly (but it didn’t happen overnight), and it’s unclear exactly who was involved in or privy to the buyback negotiations. Certain people had to be. For example, the CEO of Apollo Global: Marc Rowan, billionaire Wharton alumnus, big republican donor, and a member of Trump’s Board of Peace. After the 2024 election, Trump considered appointing Rowan Secretary of the Treasury.

Strong earnings announced on April 23 further boosted the stock. A week later, on April 30, Trump posted that “Intel stock continues to rise.” That’s true: since April, the stock has climbed steadily, reaching a record high of 129.44.

The news that sent Intel to that record high, tripling Trump’s stake, was the May 8 announcement of the Intel-Apple deal. The deal was in the works for a year or so. Now there are reports that Trump “brokered,” or claims to have brokered, that deal. It would come as no surprise if he were taking credit for Howard Lutnick’s work. Either way, it’s not a good look.

None of this is.

*I added this table and the three paragraphs discussing it on 23 May 2026. I created it in connection with another post I am drafting then realized it belonged here, not there.

@niedermeyer.online

They smelled the #FiduciaryDuty noose.

https://www.europesays.com/ch/32360/ Zurich challenges condo board coverage in Kentucky court battle #CondoInsurance #FiduciaryDuty #Zürich

WEBTOON Entertainment (WBTN) Is Up 7.0% After Securities Fraud Case Proceeds Past Dismissal https://www.byteseu.com/1796173/ #Entertainment #FairValue #FiduciaryDuty #MAU #SecuritiesLitigation #WebtoonEntertainment

https://www.europesays.com/2736321/ SEC slaps advisor with penalty for hiding SPAC conflict of interest #BlackRifleCoffee #Compliance #ConflictOfInterest #Conflicts #disclosure #EngagedCapital #FiduciaryDuty #geopolitics #InvestmentAdvisersAct #sanctions #SEC #Spaç

Been accused of breaching fiduciary duty? Act promptly! Secure legal advice and gather relevant documents. Clear communication with involved parties can clarify misunderstandings. Your proactive efforts can significantly impact the outcome. #LegalAdvice #FiduciaryDuty

@c_merriweather @TheConversationUS

In a just world, #shareholders would sue for breach of #FiduciaryDuty and mismanagement of capital.

DuckDuckGo turned Wikipedia's article on fiduciary duty (and Oprah) into some William Burroughs cut-up madness.

#DuckDuckGo #FiduciaryDuty

Why You Should Coach Your Financial Advisor Like An NFL Roster

In the NFL, even the best players have to earn their spot every season — and the people…
#NewsBeep #News #Personalfinance #accountability #athletefinances #Business #duediligence #fiduciaryduty #Finance #FinancialAdvisors #generationalwealth #performancereview #PersonalFinance #SheldonDay #ThePlayersCompany #UK #UnitedKingdom #WealthManagement
https://www.newsbeep.com/uk/76402/

https://www.europesays.com/uk/353407/ Why You Should Coach Your Financial Advisor Like An NFL Roster #accountability #AthleteFinances #Business #DueDiligence #FiduciaryDuty #Finance #FinancialAdvisors #GenerationalWealth #PerformanceReview #PersonalFinance #SheldonDay #ThePlayersCompany #UK #UnitedKingdom #WealthManagement

Why You Should Coach Your Financial Advisor Like An NFL Roster

In the NFL, even the best players have to earn their spot every season — and the people…
#NewsBeep #News #NFL #accountability #athletefinances #CA #Canada #duediligence #fiduciaryduty #FinancialAdvisors #generationalwealth #performancereview #SheldonDay #Sports #ThePlayersCompany #wealthmanagement
https://www.newsbeep.com/ca/76315/

Why You Should Coach Your Financial Advisor Like An NFL Roster

In the NFL, even the best players have to earn their spot every season — and the people…
#NewsBeep #News #NFL #accountability #athletefinances #AU #Australia #duediligence #fiduciaryduty #financialadvisors #generationalwealth #performancereview #SheldonDay #sports #ThePlayersCompany #WealthManagement
https://www.newsbeep.com/au/74989/

Investing in climate solutions is theologically grounded in the Christian call to steward creation, aligned with a Church’s charitable aims of advancing Christianity for public benefit, and wholly permissible within fiduciary responsibilities as a registered charity when considered as part of a balanced, mission-aligned investment strategy.
It is not only permissible, but arguably obligatory, for Churches and faith groups to consider investment in climate solutions as part of faithful, ethical, and visionary stewardship of their resources.
https://www.operationnoah.org/how-can-my-church-or-faith-group-invest-in-climate-solutions-arent-we-obligated-to-maximise-financial-return/
#fiduciaryDuty #charity #ClimateAction

@bloomberg @business-bloomberg

What happened to #ShareholderValue and #FiduciaryDuty?

How does one hide $154 million in expenses? Who was auditing this accounting? And what firm was auditing the auditor? NY Times — “Macy’s Discovers Employee Hid Millions in Delivery Expenses…” An employee had improperly accounted for up to $154 million over the past few years, the company said, forcing it to delay a much-anticipated earnings report that Wall Street uses to gauge the strength of holiday shopping. #Macys #accounting #Business #BusinessAccounting #Finance #FiscalMismanagement #Fiscal #FiduciaryDuty #Governance #Retail #DepartmentStorese

Public companies that neglect to invest in culture change for proactive data governance, quality, and stewardship, and later attempt to implement generative AI technologies at scale risk significant erosion of shareholder value.

http://www.superversive.co/blog/paying-for-garbage-in-garbage-out

#DataGovernance #GenAI #FiduciaryDuty #ShareholderValue #culture #information #technology

#Shareholders are being primed for the #AI grift.

Normally, this is not objectionable.

However, these securities are packaged into #MutualFunds in the 401ks of the average #American, who has outsourced #FiduciaryDuty to the fund portfolio manager or plan advisor.

YMMV

https://www.linkedin.com/posts/martinswant_earnings-from-social-and-search-players-signal-activity-7189672573847109632-nmMJ?utm_source=share&utm_medium=member_ios

@thepoliticalcat @mshiltonj @YakyuNightOwl

Their #FiduciaryDuty, rather

A healthy business would view the extinguishing of human capital as an enterprise risk, affecting the financial status and a reportable event in terms of #FiduciaryDuty.

If the state were a publicly-traded #corporation, the #shareholders should sue.

https://www.superversive.co/blog/people-process-and-technology-risk

@ai6yr @panamared27401

"The Nuremberg trials are famous for the Nazi officers who insisted that they were "just following orders" but were nonetheless executed for their crimes. 24 Farben executives were also tried at Nuremberg, where they offered a very different defense: "We had a fiduciary duty to our shareholders to maximize our profits." 19 of the 24 were acquitted on that basis."
https://pluralistic.net/2024/02/28/5000-bats/#charnel-house
#corporations #fiduciaryDuty

@Snoro

This is paywalled, so a summary would be nice.

Detailed thoughts on need for climate paywall exceptions at link below, but short form is: there must be no secret existential threats to humanity.
https://climatejustice.social/@kentpitman/111341863551798663

Also, the actual requirement under shareholder capitalism that corporations be sociopathic (see my Fiduciary Duty vs The Three Laws of Robotics) is bad enough, but is there really a fiduciary compulsion to keep shareholders from working around that compulsion?? I think not.

I would, if I were the stockholders and had the means, actually sue the principals individually as humans for that level of interference, which ought not just be a crime against humanity (something we seem not to think is a big deal worth prosecuting) but also an interference with shareholder sovereignty (something capitalism does care about).
https://netsettlement.blogspot.com/2009/02/fiduciary-duty-vs-three-laws-of-robotics.html

#climate #Journalism #Ethics #PayWall #ClimateCrisis #Society #Communication #Capitalism #Profit #corporations #FiduciaryDuty #CrimesAgainstHumanity

Source: https://mastodon.social/@ShredShackHME/110730291161470955

#records #vinyl #music #memes #fiduciaryduty

There are a lot of pretty words in here but in short:

Used to be that #FiduciaryDuty meant keeping on with the #FossilFuel party.

But now that governments have set a course for #decarbonisation we'd better get off that #FossilFuel bandwagon before it crashes our stock price and ratings. And bonuses.

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

Bizarre things happen when ESG meets BSAU in the US Senate.

(I see four options. What do you see?)

https://www.linkedin.com/pulse/sowhat-happens-when-esg-meets-bsau-us-senate-gil-friend/?published=t

#ESG #BSAU #ImpactInvestment #SustainableBusiness #climatecrisis #finance #FiduciaryDuty

@gwagner @FinancialTimes

Yikes. It is getting twisty.

I'm not a fan of the B-corp idea anyway bevause it accepts unfair fights. All companies should be accountable to stakeholders, including the environment, not just to shareholders. If only certain companies do this, their competitors have a market advantage so the odds of B-corp survival are poor. If it's a successful market strategy to care about the environment you don't need to be a B-corp to do it.

As I read it, a B-corp is authorization to spend, even lose, shareholder money doing good for the world and not have your stockholders sue you for breach of fiduciary duty. Indeed I'd think they should be able to sue you for not doing well by the social benefit promises you've made.

However here I see FT characterizing it as a "movement" as including "thousands of companies around the world who are certified as 'a force for good'.' This does not mesh with my understanding of their role.

Wikipefia says of B-corps that they
Include "positive impact on society, workers, the community and the environment in addition to profit as its legally defined goals, in that the definition of "best interest of the corporation" is specified to include those impacts".

My reading of them is that they aren't, or shouldn't be,, "blessed as good" but rather that they open themselves to criticism-with-teeth if they fail to make good on their promises of good.

People differ on what ethics is, but my personal definition of ethics isn't that there is a specific set of rules you comply with. That's just law and compliance is not ethics at all in my book. Ethics, to me, is a living process of continually asking hard questions of yourself, starting with "am I today right now ethical, and what makes me sure I've not drifted?" The answer to that can never be "I was blessed at birth as ethical."

To me, any notion that B-corps are blessed as ethical or that any one agency can certify unambiguously that someone is ethical is suspect. Organizations can perform independent audits and offer opinions, but that ought not end all discussion. Anyone founding a B-corp has asked for any stakeholder to challenge them.

We should be asking hard questions of the auditors as well.

#BCorps #capitalism #corporations
#StakeholderTheory #StakeholderCapitalism
#ShareholderTheory #ShareholderCapitalism
#ethics #compliance #law #FiduciaryDuty
#environment #labor

Commissioner Kristin Johnson, Post Crypto-Crises: Considering Pathways for Protecting Customers and Preserving Market Integrity, Commodity Futures Trading Commission, February 8, 2023

— Available here: https://www.cftc.gov/PressRoom/SpeechesTestimony/opajohnson3

#cryptoassets #digitalassets #riskmanagement #compliance #internalcontrol #regulation #investorprotection #consumerprotection #financialservices #commodities #futures #standardofcare #financialstability #duediligence #disclosure #fiduciaryduty #CFTC

Layer1 CEO alleges co-founder is using majority power to 'ransack' company - The plaintiffs claim the Dolic and Ebel began to conduct unauthor... - https://cointelegraph.com/news/layer1-ceo-alleges-co-founder-is-using-majority-power-to-ransack-company #judicialintervention #layer1technologies #corporatestructure #dgfinvestments #fiduciaryduty #boardmember #jakovdolic #tobiasebel #johnharney #lawsuit #enigma #filing #equity #stake

Layer1 CEO alleges co-founder is using majority power to 'ransack' company

https://cointelegraph.com/news/layer1-ceo-alleges-co-founder-is-using-majority-power-to-ransack-company

#JudicialIntervention #Layer1Technologies #CorporateStructure #DGFInvestments #FiduciaryDuty #BoardMember #JakovDolic #TobiasEbel #JohnHarney #Lawsuit #Enigma #Filing #Equity #Stake

@explorergrace @idanoo @pablo

Oh, they know it's real. Certainly, their actuaries do - hence rising premiums, more houses on coasts etc being uninsurable, etc.

But yeah, hopefully they behave well now. Somehow thinking they won't.
#maximiseprofitforshareholders #fiduciaryduty #needtofixthemarket

How The Friedman Doctrine Leads To The Enshittification Of All Things

https://www.techdirt.com/2023/01/24/how-the-friedman-doctrine-leads-to-the-enshittification-of-all-things/

#profitmaximalization #shorttermthinking #enshittification #friedmandoctrine #fiduciaryduty #valuecreation #corydoctorow #wallstreet #1

@LaNaehForaday

Thus far, he really has not had much in the way if negative outcome.

Would love to see the reaction if a female leader tries to act this way.

#WhereIsTheTeslaBoard
#FiduciaryDuty

"[#GFANZ members, question] if climate commitments would run afoul of firms’ fiduciary duties (by steering investors away from profitable-but-polluting investments), and if they would be able to abide by the United Nations’ #climate targets."

It's time for an update on the definition of #FiduciaryDuty to include the safeguarding of the future: after all, a lot of these moneys are held by #pension funds to ensure a comfortable future when people retire.

https://grist.org/economics/vanguard-asset-managers-net-zero-esg/