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Proposed Rules Will ‘Devastate’ Financial Advisors

Summary by Rethinking65
New Jersey’s proposed independent contractor rules will have a devastating impact on independent advisors in the state, the Financial Services Institute maintains. Attorney Paul P. Josephson made the statement on behalf of FSI in a letter to the state’s Department of Labor and Workforce Development, which proposed the new rules this past spring.  FSI supports the state DOL’s goal of better informing employers on how to make appropriate decisions…
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Rethinking65 broke the news in on Wednesday, August 6, 2025.
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