Florham Park Counsel Joan Neri was quoted in InvestmentNews in an article examining the Best Interest Contract Exemption (BICE) issued by the Department of Labor as part of its fiduciary rule package.

The article discusses BICE and BICE Lite, a more narrow application of BICE, thought by many to expose advisers to less risk. Joan noted that BICE is more involved than its BICE Lite counterpart which avoids the contract and additional disclosure requirements of BICE.

“BICE Lite will likely have the biggest impact on rollover recommendations, because they're most likely to fit into the conditions of the exemption,” Joan said.

To read the full article, click here.

Source: InvestmentNews