The proposal, which is openfor comment until March 1, is more expansive than industryobservers were expecting, said Fred Reish, chair of Drinker, Biddle& Reath's ERISA and retirement income team. (Photo:Shutterstock)
Securities brokers and insurance agents who felt mostthreatened by the Department of Labor's fiduciary rule — and most relieved when it wasvacated in the Fifth Circuit Court of Appealslast year — are again finding themselves looking over theirshoulder, at least in the state of Nevada.
In 2017, Brian Sandoval, Nevada's then Republican governor and aformer federal judge, signed a law passed by the state's Democraticlegislature requiring a fiduciary standard for brokers.
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