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George Gerstein Quoted in Financial Advisor IQ on DOL Fiduciary Rule Compliance Considerations
06.05.24
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Senior Counsel George Gerstein was quoted in a Financial Advisor IQ article titled, “DOL Fiduciary Rule Could Mean More Analysis, Documentation, Say Industry Watchers,” which discussed the compliance considerations for financial advisors following the finalization of the DOL’s fiduciary rule. When discussing how industry firms have been working to determine what processes need to be examined and changes implemented, George indicated that communication with clients presents a risk for advisors should a communication be “more in the form of an investment recommendation than pure marketing.” He further noted that firms “should consider vetting sales and marketing communications made to all clients, as well as the use of disclaimers.”
To read the full article, please click here.