Two developments re. the NJ uniform fiduciary duty proposal:
- The comment period has been extended to July 18.
- A public hearing on the proposal will be held on July 17 from 9:30 am to 4:30 pm in the Morris Room at the Division of Consumer Affairs, 124 Halsey Street, 6th Floor, Newark, NJ 07101.
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.