Being a part of transaction for the benefit of one’s self where a fiduciary duty is owed to another party, e.g. to engage in churning of stock to obtain sales commissions instead of investing prudently on behalf of the client investor.
Being a part of transaction for the benefit of one’s self where a fiduciary duty is owed to another party, e.g. to engage in churning of stock to obtain sales commissions instead of investing prudently on behalf of the client investor.