Basil V. Godellas

Nov 8, 2023 | mondaq.com | Amy Gordon |Basil V. Godellas

On October 31, 2023, the United States Department of Labor's Employee Benefits Security Administration (the Department) released its most recent proposed amendment to the guidance addressing when a person would be considered a fiduciary under Title I and Title II of the Employee Retirement Income Security Act of 1974 (ERISA) if it provides investment advice or makes an investment recommendation to a retirement investor.