How to Restore the Fiduciary Relationship: An Interview with Eliot Spitzer. "One jail term is worth a lot of compliance officers" says New York State attorney general corporate reformer Eliot Spitzer who was behind the $1.4 billion global settlement between regulators banking houses in 2003. What's really needed Spitzer suggests is for all businesses notjust securities firms-to recognize their fiduciary duty to customers shareholders