Frankel Fiduciary Prize Symposium – December 10

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NEWS RELEASE                             
Wednesday, December 4, 2013 
Frankel Fiduciary Prize Symposium 
Honors Robert A. G. Monks
December 10 in Washington
Program Features Phyllis Borzi, John C. Bogle, Ralph Nader;
Panel to Discuss Status of Fiduciary in Federal Rulemaking
Washington DC – December 4, 2013 – The Institute for the Fiduciary Standard today announced the final program for the Frankel Fiduciary Prize Symposium which will honor Robert A. G. Monks in Washington at the National Press Club on December 10. The final program follows.
“From the chairman’s boardroom to the broker’s office, fiduciary duties are at a crossroads, in great demand and under enormous pressures. The outstanding speakers at the symposium will provide a vivid reminder why this centuries-old legal doctrine may be more relevant today than at any time in history,” said Knut A. Rostad, president, the Institute for the Fiduciary Standard.        
What:              Frankel Fiduciary Prize Symposium
When:              December 10, 9:00AM – 1:45PM
Where:             National Press Club, 529 14th Street, 13th Floor. Washington DC
To Register:
Department of Labor Assistant Secretary Phyllis Borzi, John C. Bogle and Ralph Nader are featured speakers.
A panel of experts will discuss the status of investor trust and fiduciary duties 50 years after the December 9, 1963 Supreme Court decision in Capital Gains Research Bureau. The experts include:
  • Rex Staples, Ron Rhoades, Alfred State College
  • John Rogers, President, CFA Institute
  • Robert Plaze, Stroock & Stroock & Lavan
  • Skip Schweiss, TD Ameritrade.
For more information, contact Knut A Rostad at or 703-821-6616 x 429; 301-509-6468 cell.     
The Institute for the Fiduciary Standard it is a non-profit organization formed in Virginia to benefit investors and society by advancing fiduciary principles through research, education and advocacy. For more information on the symposium:
Frankel Fiduciary Prize Symposium . December 10, 2013
Capital Gains Research Bureau v. SEC, Fifty Years Later
In Honor of Robert A. G. Monks
National Press Club
529 14th Street, 13th Floor
On December 9, 1963 the Supreme Court, in Capital Gains Research Bureau v SEC, held investment advisers had fiduciary duties to their clients. The Court noted the Advisers Act desire “to eliminate conflicts of interest between the investment adviser and the clients.” Today, regulators and policymakers still grapple with these duties. This symposium addresses the state of fiduciary duties and investor trust regarding Wall Street fifty years later.
2013 Prize Honoree
The Institute for the Fiduciary Standard Frankel Fiduciary Prize Committee was established to select an honoree for the Frankel Fiduciary Prize, named for Tamar Frankel, the Michaels Faculty Research Scholar, at the Boston University School of Law. The 2013 honoree is Robert A. G. Monks.
Registration and Coffee
9:00 – 9:10
Knut Rostad
9:10 – 9:25
Prelude: Tamar Frankel
Capital Gains Research Bureau @ 50: Fiduciary Duties, Investor Trust and the Way Forward 
9:25 – 10:25
Rex Staples – 40 Act in Capital Gains 1963 and Today
Ron Rhoades, Alfred State College – Fiduciary Duty and Federal Regulators
John Rogers, President, CFA Institute – Restoring Investor Trust
Robert Plaze, Stroock & Stroock & Lavan — A Third Way For Regulation
Skip Schweiss, TD Ameritrade, Moderator
10:25 – 10:40
Wall Street in 2013
10:40 – 11:20
John C. Bogle Remarks and a Conversation with
Assistant Secretary of Labor, Phyllis C. Borzi.
Fiduciary Duty and Corporate Governance
11:30 – 12:00
Ralph Nader
12.00 – 12.20
12:20 – 1:45
* Monks in a Maine Minute: Various speakers
* Prize Presentation: Nell Minow
* Acceptance: Robert Monks
Symposium Co-Sponsors and Supporters
The Frankel Fiduciary Prize Symposium is co-sponsored by the Institute for the Fiduciary Standard and TD Ameritrade Institutional. The Institute for the Fiduciary Standard is a non profit dedicated to advancing fiduciary principles through research, education and advocacy. TD Ameritrade Institutional is a leading provider of comprehensive brokerage and custody services to nearly 4,500 fee-based, independent Registered Investment Advisors and their clients.
We are also grateful to Institute supporters who helped make this program possible.
Nell Minow and David Apatoff
Donald M. Rembert