Simpson Thacher Attorneys Author Thomson Reuters Westlaw Article on DOL’s New Investment Advice Rule Proposal
02.01.24
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Partners Brian Robbins and Erica Rozow, and Senior Counsel Jeanne Annarumma and George Gerstein authored an article titled, “Private Fund Sponsors Should Take Note of DOL's New Investment Advice Rule Proposal,” which was published by Thomson Reuters Westlaw. The article discussed the DOL’s new investment advice rule proposal, which would increase the likelihood that a fund sponsor could inadvertently become a fiduciary to ERISA plans, IRAs and other similar plans, if finalized in its current form. The piece further provided key takeaways for private fund sponsors and offered an in-depth analysis of the new test for determining when one becomes an investment advice fiduciary under the rule proposal.
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