Fiduciary Quandary: States Rewrite the Rules on Who’s a Fiduciary

Fiduciary Quandary: States Rewrite the Rules on Who’s a Fiduciary

After the US Department of Labor’s Fiduciary Duty rule was struck down by a federal appeals court in 2018, the federal government has yet to issue another iteration of the rule. However, a handful of states are attempting to create a robust standard.