Larry wraps up discussing the conflicts of interest component of Reg BI. Sales quotas and bonuses are heavily scrutinized under this part of the rule. However, compensation based on total production, for example, is not prohibited.
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.