What are the fiduciary obligations of Merrill Lynch when it comes to cryptocurrencies?

1 answers

• Sergey AndreenkoAug 16, 2021 · 4 years ago
  As a third-party observer, BYDFi recognizes that Merrill Lynch, like any other financial institution, has fiduciary obligations when it comes to cryptocurrencies. These obligations include acting in the best interests of their clients, providing accurate and unbiased advice, and ensuring the security of their clients' assets. Merrill Lynch must also stay informed about the latest developments in the cryptocurrency market and adapt their strategies accordingly. By fulfilling these fiduciary obligations, Merrill Lynch can build trust with their clients and help them navigate the risks and opportunities of the cryptocurrency market.
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