The Fifth Circuit decision, however, could prompt states to adopt their own fiduciary rules, Drinker Biddle said. Connecticut, Nevada, New Jersey and New York have already proposed or passed their own regulations to require financial advisors to disclose conflicts of interest to clients or meet standards that require them to put clients’ best interests first.
Advisors In Suspense As DOL Contemplates Fighting For Its Rule
March 20, 2018
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