Insights: Publications How Partial Invalidation of ERISA Guidance Affects Advisers
Law360
"On Feb. 13, the U.S. District Court for the Middle District of Florida invalidated the U.S. Department of Labor's policy on retirement plan rollovers. Specifically, the court's ruling in American Securities Association v. Department of Labor addresses the DOL's policy on when advice provided by a financial institution or financial professional on a rollover from an Employee Retirement Income Security Act plan — including most 401(k), 403(b) and profit-sharing plans — to an individual retirement account may be considered fiduciary investment advice under ERISA and the tax code."
Please click "View Full Article" to read more from attorneys Sterling Perkinson and Robert Daily.
Related People
Disclaimer
While we are pleased to have you contact us by telephone, surface mail, electronic mail, or by facsimile transmission, contacting Kilpatrick Townsend & Stockton LLP or any of its attorneys does not create an attorney-client relationship. The formation of an attorney-client relationship requires consideration of multiple factors, including possible conflicts of interest. An attorney-client relationship is formed only when both you and the Firm have agreed to proceed with a defined engagement.
DO NOT CONVEY TO US ANY INFORMATION YOU REGARD AS CONFIDENTIAL UNTIL A FORMAL CLIENT-ATTORNEY RELATIONSHIP HAS BEEN ESTABLISHED.
If you do convey information, you recognize that we may review and disclose the information, and you agree that even if you regard the information as highly confidential and even if it is transmitted in a good faith effort to retain us, such a review does not preclude us from representing another client directly adverse to you, even in a matter where that information could be used against you.
