In April, Goldman Sachs executives testified before the Senate Subcommittee on Investigations about their duties under the suitability standard in certain transactions. The Committee has highlighted this testimony in an eleven-minute video, "Goldman Sachs: Doing What's Suitable." To view the video, click here.

When the Committee formed, we spoke out on the important issue of ensuring that investors' best interests are number one in financial reforms, by adopting the five core principles of the authentic fiduciary standard. These five principles are:

1. Put the client's best interest first.
2. Act with prudence; that is, with the skill, care, diligence and good judgment of a professional.
3. Do not mislead clients; provide conspicuous, full and fair disclosure of all important facts;
4. Avoid conflicts of interest.
5. Fully disclose and fairly manage, in the client's favor, unavoidable conflicts.

Join prominent industry leaders and American luminaries and add your name to The Fiduciary Statement. Read >>>

[* The authentic fiduciary standard refers to the well-developed body of fiduciary law established by , the Advisers Act, and other laws and regulations. The Committee is opposed to any effort to redefine a fiduciary standard in a manner that would dilute the authentic standard.]