States looking for ‘Significant Improvements’ from SEC on Reg BI

Bloomberg Law reports on NASAA’s letter to the SEC seeking clarity on the meaning of “best interest” and greater disclosures from broker-dealers in a final version of Regulation Best Interest.

George Michael Gerstein advises financial institutions on the fiduciary and prohibited transaction provisions of ERISA. As co-chair of the fiduciary governance group, he assists clients with tracking, and understanding, the numerous fiduciary developments at the federal and state levels, including the rules and regulations of governmental plans. He also advises clients with respect to the fiduciary duty implications of ESG investing.