[Verse 1] Sarah manages pension funds, billions under care Every choice she makes must follow rules beyond compare Fiduciary duty binds her hands like golden chains Client interests first, no matter what the market gains ERISA watches every trade, compliance never sleeps While widows trust their futures to the promises she keeps [Chorus] Legal walls and special cases, F-I-D-U-C-I-A-R-Y Know your limits, check restrictions, R-U-L-E-S that multiply Prudent person, loyal servant, these are duties carved in stone Navigate the maze of law before you trade what's not your own [Verse 2] Insurance companies face solvency requirements tight Cannot chase the riskiest returns despite their appetite Banks need capital reserves, liquidity to spare Prohibited transactions lurk like tripwires everywhere Personal circumstances change the game for each client Widow's timeline differs from the young executive's intent [Chorus] Legal walls and special cases, F-I-D-U-C-I-A-R-Y Know your limits, check restrictions, R-U-L-E-S that multiply Prudent person, loyal servant, these are duties carved in stone Navigate the maze of law before you trade what's not your own [Bridge] Qualified plans have different masters Tax-exempt status brings disasters If you violate the sacred trust Your license turns to regulatory dust Suitability demands you know Each client's needs before you go [Verse 3] Endowments need perpetual growth, spending rates controlled While hedge funds face accredited investor rules of old Conflict minerals, ESG mandates reshape the field Religious values, social screens determine what can yield Documentation proves your process passed the legal test When regulators audit books, compliance serves you best [Outro] Check the law before you leap Client duties yours to keep Regulatory frameworks reign Over every capital gain
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