Stradley Ronon Counsel George Michael Gerstein was quoted in InvestmentNews’ article, “State Fiduciary Rules May be Reckoning for Life Insurance Industry,” discussing New York’s proposal to impose a best-interest standard on life-insurance sales in order to make up for perceived roll backs of obligation in the proposed DOL fiduciary rule.

"New York's is a best-interest standard that is quite similar to the DOL [fiduciary] standard. So it goes above suitability," Mr. Gerstein said.

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