Insights & News

George Michael Gerstein Quoted in Fund Directions Regarding the DOL Fiduciary Rule and its Prospects in 2018

January 02, 2018
Press Clippings

Stradley Ronon Counsel George Michael Gerstein was quoted in the Fund Directions article, “DOL Fiduciary Rule Officially Delayed,” which discusses the Department of Labor’s delay of the best interest contract exemption and principal transactions exemptions of the fiduciary rule.

“The DOL seems to be comfortable with the contract requirement that’s being delayed, George Gerstein, counsel with Stradley Ronon, said. ‘That’s definitely one of the more controversial, if not the most controversial condition to these exemptions, which has been deferred,’ he said. ‘The DOL will go after firms, will enforce against firms if they are just willfully violating the fiduciary rule.’”

To read the full article, click here (subscription required). 
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