Stradley Ronon Counsel George Michael Gerstein was quoted in Planadviser’s article, “SEC Signals Start of Formal Broker Fiduciary Rule Examination,” discussing the SEC’s decision to initiate their own fiduciary rule in response to the 5th Circuit Court’s decision to strike down the DOL fiduciary rule.
“From what I have seen of the two of them, it seems SEC Chair Clayton and DOL Secretary Alexander Acosta have a similar, complementary outlook on these matters, and they are willing to work together,” Gerstein says.
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