Stradley Ronon Counsel George Michael Gerstein was quoted in The Wall Street Journal article, “Fiduciary Rule Dealt Blow by Circuit Court Ruling,” discussing the Fifth Circuit Court’s ruling the Labor Department overreached in its broker-dealer requirements in the fiduciary rule.

“I don’t think the DOL will accept this and take their ball and go somewhere else,” he said. Mr. Gerstein added that industry professionals aren’t likely to change how they comply based on the ruling because it will take some time to see what happens next.

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