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Mutual fund advisers have a fiduciary duty to manage the conflict of interest associated with fund distribution, namely whether to use their own assets or to recommend to their fund's board to use the fund's assets to distribute shares, first Eagle breached that fiduciary duty by using the funds' assets rather than its own money to pay for distribution.

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Reuters 8 years ago

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    "Julie Riewe Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.quotes.net/citizen-quote/123998>.

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