News & Analysis as of

Florida Investment Adviser

Bressler, Amery & Ross, P.C.

Florida Adopts Protection of Specified Adults Statute for Financial Institutions

During the 2024 Legislative session, the Florida Legislature passed Senate Bill 556, “Protection of Specified Adults”, which was signed into law by Governor Ron DeSantis on May 28, 2024....more

Faegre Drinker Biddle & Reath LLP

Florida Court Decision’s Impact on Rollover Advice

The Department of Labor (the DOL) expanded its interpretation of fiduciary advice in its guidance issued in connection with Prohibited Transaction Exemption (PTE) 2020-02. As a result, many more broker-dealers and registered...more

Nelson Mullins Riley & Scarborough LLP

Florida House Bill 813: Protection of Specified Adults

On June 30, 2020, Florida Governor Ron DeSantis signed into law Florida House Bill 813 (“HB-813”). HB-813 amends section 415.1034 of the Florida Statutes, in part, to include dealers, investment advisers, and associated...more

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