Likely next steps re. New Jersey’s potential uniform fiduciary standard

New Jersey continues to receive public input (from both testimony and comment letters) regarding a potential uniform fiduciary standard (in pre-proposal form). Today, I was interviewed by ThinkAdvisor on what this pre-proposal, and others like it, means for compliance and what could materialize in 2019.

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.