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No fiduciary duty owed to IRA beneficiary

But claim under ‘93A’ can proceed

The commercial custodian of non-discretionary individual retirement accounts did not owe a fiduciary duty to a named beneficiary of those accounts, but the beneficiary could maintain a suit under the consumer protection statute, G.L.c. 93A, by credibly alleging that the custodian had unreasonably withheld the proceeds of those accounts, the Massachusetts Supreme Judicial Court has ...

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