Stradley Ronon Counsel George Michael Gerstein was quoted in PLANADVISER'S article, “Liquidity Fees and the Fiduciary Duty of Best Execution,” discussing the potential conflicts arising out of broker rebates and why ERISA and governmental plan fiduciaries should be aware of the practice.  

“Writing on the subject in a recent op-ed for Pensions & Investments, George Michael Gerstein, ERISA counsel at Stradley Ronon, argues in no uncertain terms that the question of ‘whether broker/dealers’ handling governmental and ERISA plan transactions are satisfying their best execution obligations should matter to plan fiduciaries.’”

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