Perspective
Jul. 10, 2010
The Code Of Conduct For Fiduciary Investing
Fiduciaries unfamiliar with economic and financial investment issues, relying instead on professional investment advisors, run the risk of being held personally liable, warns James Steele of the Los Angeles Superior Court.
Judges and attorneys, as well as professional and non-professional fiduciaries, who are involved in any practice area in which funds are held for the benefit of others should be thoroughly familiar with economic and financial investment issues. This is especially true of those who practice in the Probate Court, which involves minors' compromises, trusts, guardianships and conservatorships. Unfortunately, far too few of us have suffi...
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