Ethics - Prudent Investor Rule EOC Questions only, concerning, investment, fiduciary

noel

Page 271, Q2, concerning Pankow's selection of seminar leaders. Which standard was violated and why?

Page 271, Q3, concerning Pankow's response, where in the reading does it state that a trustee's fiduciary duty is evaluated only as of the date the investment decisions are made and not afterward as well?

Isn't a fiduciary duty evaluated throughout? See page 264, lead paragraph, which states, "The trustee is under a duty ... to invest and MANAGE (emphasis added) the fund of the trust as a prudent investor would...

- Robert