Custodial Collies of Transparency--The Competitive Advantage of Protecting Investing Lamm [bs] from Advising Wolves: Lamm v. State Street Bank & Trust.

The article focuses on investors being defrauded by financial advisers in the U.S. which is discussed in Lamm v. State Street Bank & Trust. It states that investment advisers are prohibited from having the custody of the funds and securities of his client under the regulations of the U.S. Securities and Exchange Commission (SEC). It mentions that the breach of contract and fiduciary duty by a custodial bank is highlighted in Sekerak u. National City Bank.