Fiduciary Duty
The legal obligation that corporate management owes to shareholders, requiring decisions to be made with the maximization of shareholder value as the objective.
Timeline (last 90 days)
U.S. securities law holds that illegal insider trading is constituted only when a trader breaches a fiduciary duty, or knowingly trades on material non-public information while the information provider has breached that duty.
Fiduciary duty refers to the duty of loyalty and confidentiality that corporate executives, directors, employees, or outside consultants owe to the company and shareholders by virtue of their position or a relationship of trust.
Macro industry judgments and perception of technological trends can legally be used for investment, whereas undisclosed company contracts, draft financial reports, and merger negotiation content cross the legal red line.
All Facts (3)
U.S. securities law holds that illegal insider trading is constituted only when a trader breaches a fiduciary duty, or knowingly trades on material non-public information while the information provider has breached that duty.
50%UnverifiedFiduciary duty refers to the duty of loyalty and confidentiality that corporate executives, directors, employees, or outside consultants owe to the company and shareholders by virtue of their position or a relationship of trust.
50%UnverifiedMacro industry judgments and perception of technological trends can legally be used for investment, whereas undisclosed company contracts, draft financial reports, and merger negotiation content cross the legal red line.
50%