fiduciary abuse


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fiduciary abuse

Unlawful appropriation and misuse of money held in custody on behalf of a dependent.
See also: abuse

fiduciary abuse

(fi-doo'she-er?e, du') [L. fiduciarius, held in trust] See: abuse
References in periodicals archive ?
Tewksbury, "Fiduciary Abuse of the Elderly: A Prosecutor's Perspective," Journal of Elder Abuse and Neglect 3 (1992): 23-40.
* The Elder Abuse and Dependent Adults Civil Protection Act.(12) The primary purpose of this 1991 California statute is "to enable interested persons to engage attorneys to take up the cause of abused elderly persons and dependent adults."(13) It addresses physical abuse, neglect, and fiduciary abuse in the broadest sense.
While recognizing that cross-trading programs may provide some benefits to employee benefit plans (e.g., better terms than those available on the open market, reduced transaction costs, and the assurance that a counter party will be available for a proposed trade), the DOL still has some concerns about the protection of plan assets from fiduciary abuses. The DOL also has concerns about the potential for abuse in index and model-driven fund programs--which the DOL previously had considered as providing investment managers with limited investment discretion--stemming from the DOL's new understanding of the "subtle" exercise of discretion by investment managers permitted by such programs.