Take a walk down the hall of shame to recall some of the greatest fiduciary fiascos of all time that have been heavily concentrated in the last few years. It is no coincidence that they have been accompanied by the near collapse of the global financial system. All types of assets, all types of investors, and all types of financial institutions have been involved. Invariably fiduciaries committed the most egregious crimes and other fiduciaries had the best chance of preventing them. This session brings into focus the essential lessons to be learned from the financial calamities that have captured the headlines, crippled the financial markets and changed the investment advisory business forever
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