J. David Putnal

May 3, 2024 | mondaq.com | Andrew J. Fawbush |Jordan Harcombe |Don A. Mazursky |J. David Putnal

On Tuesday, April 23, 2024, the Department of Labor (the "DOL") issued final regulations regarding investment fiduciary obligations and the definition of an "Investment Advice Fiduciary" (the "Final Regulations") under the Employee Retirement Income Security Act of 1974 ("ERISA"). We discussed the proposed fiduciary rules published in October in a past Client Alert. The Final Regulations take effect on September 23, 2024.