Last night, we discussed how the Nevada fiduciary proposal could affect private funds. Today, ThinkAdvisor covered our analysis (and the proposal’s echoes of the 2016 DOL Fiduciary Rule), while also interviewing Phyllis Borzi, formerly of the DOL.
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.