The U.S. Department of Labor (“DOL”) recently issued a final rule that expands the “investment advice fiduciary” definition under the Employee Retirement Income Security Act (ERISA).[1] Under the rule, persons who provide investment advice or recommendations for a fee to retirement plans, plan fiduciaries, and individual retirement accounts (IRAs) will be required to abide by the ERISA’s fiduciary standard. ...

The U.S. Department of Labor (“DOL”) recently issued a final rule that expands the “investment advice fiduciary” definition under the Employee Retirement Income Security Act (ERISA).[1] Under the rule, persons ...

Stock options are a popular way for emerging companies to provide incentive pay to employees.  For some companies, however, stock option plans may not be feasible or may present tax or corporate difficulties that render them problematic.  For these companies, a phantom stock plan may be an attractive alternative. Generally, a phantom stock plan is an agreement whereby a ...

Stock options are a popular way for emerging companies to provide incentive pay to employees.  For some companies, however, stock option plans may not be feasible or may present tax ...