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George Michael Gerstein Quoted in InvestmentNews Regarding State Fiduciary Rules and New York’s Recent Proposal for Life Insurance Companies

January 19, 2018
Press Clippings

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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