Breach of fiduciary duty

Breach of fiduciary duty refers to any breach of fiduciary or similar duty to the issuer recognized under an applicable Federal or State statute or at common law, including but not limited to misfeasance, nonfeasance, abdication of duty, abuse of trust, and approval of unlawful transactions.

Source

17 CFR § 205.2

---

Scoping language

For purposes of this part, the following definitions apply:

---

Is this correct? or