Fiduciary Duty and Investment Brokers (via Pilant’s Business Ethics Blog)

A re-post of one of my essays from last year.

James Pilant

Fiduciary Duty and Investment Brokers “When I was growing up in the shadow of the Edgar Thomson Works of U.S. Steel a half century ago, it was easy to tell the bookies from the bankers — and it wasn’t just by the clothes they were wearing. If you wanted to place a bet, you went to a bookie; if you wanted to invest, you went to a banker or stock broker.” This is the lead paragraph from Tom Michlovic’s opinion piece in the Pittsburgh Post-Gazette. It’s a dead on call. The Wall Street … Read More

via Pilant’s Business Ethics Blog

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