Banking Laws that Impact Fiduciary Activities
In this presentation, local lawyer and experienced corporate fiduciary leader Scott Small will supply information gleaned from his personal experience and the statutory law in order to provide the audience with a better understanding of what is required of banks and other financial institutions in protecting customers from financial exploitation and fraud. Mr. Small will define and examine the respective roles of client and financial institution as well as the legal and functional limitations and obligations for each in order to “bridge the gap” of understanding between the respective roles. His presentation is divided into three sections: Customer Privacy and Exceptions, Provision of Power of Attorney Forms to Financial Institution Customers, and Protection of Elderly and Other Vulnerable Customers by Fiduciary and Financial Institutions.
The attorney who understands the role (including limitations and obligations) of both the client and the financial institution in a financial transaction can improve the visibility and transparency within a given situation. Too often the client is stuck not understanding, lost in the fog of legality and commerce.
Our Speaker
Mr. Small is Trust Counsel for Fiduciary Trust in Pennsylvania. In this role, Scott provides in-house advice and counsel to the clients of Fiduciary Trust in its Radnor office. Scott supports client retention, estate planning and business development efforts within the region, as well as supplying subject matter expertise for all fiduciary activities across the market. Scott is a member of the Fiduciary Trust Regional Trust Administrative and Real Estate Committees, as well as the Regional Management Oversight Group.
Thank you to our generous sponsor Fiduciary Trust in Pennsylvania.
