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George Michael Gerstein Quoted in Financial Planning/On Wall Street Regarding the New SEC Broker-Dealer Standard

April 25, 2018
Press Clippings

Stradley Ronon Counsel George Michael Gerstein was quoted in Financial Planning/On Wall Street’s article, “SEC Rule would Create Distinct but ‘Comparable’ Regimes for RIAs and Broker-Dealers,” analyzing the new package of SEC proposals and the DOL’s role in regulating retirement.

"The Department of Labor is not going to cede its jurisdiction to the SEC. The Department of Labor has clear authority to regulate the retirement space, they will continue to do that. That's been abundantly clear over the years," Gerstein said. "The SEC is not replacing the Department of Labor."

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