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State fiduciary rules slow down amid pandemic, political transition

December 23, 2020

The pandemic delayed action in several states to finalize fiduciary rules. Efforts to implement fiduciary rules in New Jersey, Nevada, and Massachusetts are in limbo.

Stephen Murphy, Managing Director at Foreside, spoke with Investment News’ report Mark Schoeff Jr. and discussed how the pandemic will continue to put stress on state budgets and consume the time of political leaders, and how investment advice reform may not be a priority.

Click here to learn more about which states are specifically experiencing delays.