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Erica Rozow Quoted in Law360 on the DOL’s Final Fiduciary Rule
04.26.24
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Partner Erica Rozow was quoted in a Law360 article titled, “4 Takeaways From DOL's Final ERISA Investment Advice Regs.” The article discussed the recent release of the DOL’s final fiduciary rule, which broadened the scope of who qualifies as an investment advice fiduciary under ERISA. When discussing how the final rule makes clear that investment advice need not be provided on a “regular basis” to impute ERISA fiduciary status, Erica highlighted how the rule makes clear that one-time advice goes beyond rollovers. She noted, “It's really focused on any type of investment advice that's provided one time to a retirement investor…That one-time piece of investment advice can make you an investment advice fiduciary.”
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