Fund Fire interviewed me regarding industry concerns over the draft Nevada fiduciary proposal and its effect on broker-dealers and investment advisers. There are now murmurs of firms exiting, or rolling back services in, Nevada over the controversial regulation.
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.