Joe Marrs, a partner at Johns Marrs Ellis & Hodge, recently spoke at the 12th Annual Fiduciary Litigation Course presented by the Texas Bar. The conference covered a multitude of Fiduciary Litigation issues to keep attorneys in the practice area up to date on developments in the law.
Mr. Marrs discussed how the United States Department of Labor’s new “Fiduciary Rule” could alter the duties that trustees owe to beneficiaries and that financial advisers owe to their clients. Mr. Marrs went on to discuss how the new rule could alter how financial advisers contract with their clients. A further topic covered by Mr. Marrs was the potential difficulty surrounding enforcement of the new “Fiduciary Rule” and how far the rule actually goes to fix the issues it was purportedly designed to solve.