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If you thought the DOL had an impossible task of crafting a rule that protected all business models, consider the conflicts within the SEC. (Photo: Shutterstock)

Eminent fiduciary commentator and well-respected ERISA attorney Fred Reish believes if the DOL opts not to appeal the 5th circuit decision to vacate its fiduciary rule, the rule is as good as dead (see “Exclusive Interview: Fred Reish says DOL ‘Conflicted’ Over Conflict-of-Interest Rule Appeal,” FiduciaryNews.com, April 17, 2018). However, he says, “while the particulars” may have been killed, the principles are not necessarily dead.

Christopher Carosa

Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).

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