Stradley Ronon Counsel George Michael Gerstein was quoted in the
InvestmentNews article, "DOL defends fiduciary rule in brief to appeals court in industry lawsuit," which discussed a brief submitted by the DOL to an appeals court defending its proposed fiduciary rule.
"But George Michael Gerstein, counsel at Stradley Ronon Stevens & Young, said that the brief submitted to the appeals court does not necessarily mean that the DOL is going to go easy on the regulation. The agency was simply protecting its turf. The DOL is always going to want the right to promulgate an investment-advice rule, Mr. Gerstein said. It's a jurisdictional defense."
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