Legal List
Categories: Ethics/Morals, Trusts and Estates
A list of "allowed" investments.
Fiduciaries or folks who manage investments for others may have legal lists so that they can make investment decisions on behalf of their beneficiaries. If the legal list says it's okay to buy Disney stock and Disney stock suddenly seem like a smart move, the manager of the trust or investment can go ahead and buy without having to get the green light specifically.