George Michael Gerstein comments on lawsuits brought against New York re best interest regulation

Yesterday, I spoke with Ignites about the recent lawsuits brought against New York regarding the best interest standard relating to the recommendation of insurance and annuity products.

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.