fiduciary issue


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Related to fiduciary issue: fiat money

fiduciary issue

or

fiat currency

CURRENCY issued by a government that is not matched by government holdings of GOLD or other securities. In the 19th century most currency issues were backed by gold, and people could exchange their BANK NOTES for gold on demand. Nowadays most governments have only minimal holdings of gold and other securities to redeem their currency so most of their currency issues are fiduciary See MONEY SUPPLY.
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References in periodicals archive ?
The SEC should take an interest in the fiduciary issue because "this all started as an investor confusion problem.
'Phase 2' of DOL Rule Is Dead: Brian Hamburger
had created a fiduciary issue. (Special Correspondent 1949, p.
Colonial currency boards: the seigniorage issue (1)
While all perspectives on corporate governance agree on the importance of the fiduciary issues in corporate governance, differences arise in the nature and importance of the control role, and how difficult it is for ineffective boards to mask their lack of stewardship.
Shaping good conduct: The search for more effective systems of corporate governance has created a unique opportunity for strategic financial management professionals
Bullard, a supporter of DOL's fiduciary plan, acknowledged that the SEC should have addressed the fiduciary issue, but has "failed to do so."
House GOP Makes Last-Ditch Effort to Stall DOL Fiduciary Rule
Ann Wagner that also repeals the rule and, as Wagner has stated, keeps the fiduciary issue "under the jurisdiction of the SEC, the expert regulator who has the experience of overseeing the industry."
Bill to Repeal DOL Fiduciary Rule Passes House Panel
Stein said it's important to have "robust policy debates" around the fiduciary issue, and that there is no "one silver-bullet solution."
Familiar Face Returns to SEC as Two Commissioners Plan Exit
Hamburger said that on the fiduciary issue, "a real battle is being raged here," with the intent to deliver "overall harmonization" of RIA and broker regulation.
The SEC CyHasn't Been Doing Its Job for a Long Time': Brian Hamburger
On the other side of the fiduciary issue, it appears the needle will also move forward on the Security and Exchange Commission (SEC) proposal for a uniform fiduciary standard rule, according to the agency's 2012 financial report.
Post-Election
If the CFP Board doesn't get financial planners on the right side of the fiduciary issue right quick--as full-time fiduciaries--it's running the very real risk of marginalizing the entire profession; which I've been covering for over 30 years.
Crunch Time Part II: CFP Board's 'D Day'
"While we continue to advocate for a thoughtful resolution to the fiduciary issue -- one that preserves investor choice -- LPL recognizes that the DOL rule will have implications for financial advisors and investors," said LPL President Dan Arnold, in a statement earlier this year.
LPL Expands D.C. Presence After Quitting FSI
Kitces is right that the current fiduciary issue is one of the brokerage industry's own making.
The DOL (and SEC) Fiduciary Rule and the Two-Hat Dilemma
Schapiro said that the fiduciary issue remains "really important," and that she's "ready to go" on releasing a request for information to allow the public to help inform a "more detailed" cost-benefit analysis on the agency's fiduciary rule.
SEC fiduciary rule stalled--but for how long? SEC's Schapiro: 'while it may appear from the outside it has stalled, work has been going on here to advance the issue'

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