Larry Stadulis recently spoke with Fund Fire regarding the new Nevada proposal imposing fiduciary duties on broker-dealers. He notes, in part, that the proposal fails to identify clear lines between non-fiduciary recommendations and investment advice.
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.