Stradley Ronon Counsel George Michael Gerstein was quoted in the recent CNBC article, "While DC deregulates, states step in as Wall Street's watchdog: Trump 'is not going to do anything.'" The article discussed states efforts to regulate Wall Street while the federal fiduciary rule is partially delayed.
"Other states are said to be considering their own broker fiduciary standards, including Connecticut, New Jersey and New York," said Gerstein. "We know that other states are looking at this closely," he said. "The states' possible response to what the SEC or DOL does appears to be part of a larger trend of state action in other policy areas. The state fiduciary laws may depend on the outcome of the DOL fiduciary rule, which makes this a dynamic situation."
Gerstein was quoted in Yahoo! Finance on the same topic.