George Michael Gerstein

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.

Do hedge funds and ESG make a good couple?

Bloomberg is reporting on how at least some hedge funds are attempting to account for environmental, social & governance (ESG) risks. This asset class has been a particularly tricky one to incorporate ESG factors, and other reports suggest that while institutional investors are clearly asking or pressing their hedge fund managers to address ESG issues, it seems that the hedge fund managers themselves are still trying to sort out just how ESG integration, for instance, can be used by a hedge fund. The article also reveals how terminology around ESG continues to be an issue.

Stradley’s analysis of new SEC standard of conduct rules forthcoming

Elad Roisman’s written statement on standards of conduct rulemaking

Commissioner Roisman’s written statement on the new rules can be found here.

SEC adopts new standards of conduct rulemaking

Robert Jackson’s written statement on standards of conduct package

Commissioner Jackson’s statement on today’s standards of conduct rules can be found here.

Jay Clayton’s written statement on standards of conduct rules

Chairman Clayton’s statement on today’s standards of conduct package can be found here.

David Grim to Law360: Will the SEC raise preemption in today’s best interest rules?

The time has come for the SEC’s new standards of conduct package

The public hearing begins at 10 am EDT today and can be streamed.

DOL Assistant Secretary confirms the DOL will issue a regulation that “aligns” with Regulation Best Interest

USA may be closing gap with Europe in terms of ESG adoption