Ms Beth J Dickstein

Beth J Dickstein


Banking & Financial Services

Trump executive actions forecast major potential changes to financial industry regulation
USA | 17 February 2017

President Trump recently issued two executive actions which constitute the first official statements on how his frequent criticism of the Dodd-Frank Act and the broader financial regulatory climate following the financial crisis may be translated into actual reform efforts. The executive order sets out core principles for regulatory reform without making any specific policy recommendations, while the memorandum directs the Department of Labour to re-examine its 2016 Fiduciary Duty Rule.

Employment & Immigration

DOL finalises regulation defining 'fiduciary' with one-year delay in application
USA | 04 May 2016

The Department of Labour (DOL) recently released its final regulation defining 'fiduciary', which expands the circumstances under which consultants, advisers and others become fiduciaries for purposes of the Employee Retirement Income Security Act and the prohibited transaction provisions of the Internal Revenue Code, as a result of providing investment advice. The DOL also released two new prohibited transaction class exemptions.