The new qualified default investment alternative
(QDIA) regulations, which went into effect last month,
answered many questions—but, as is often the case, "These
regulations are like an artichoke; you keep peeling off
layers and there's more underneath. Some of the layers have
stickers on them as well," says Fred Reish, Managing Director
and Partner of the Los Angeles-based law firm of Reish
Luftman Reicher & Cohen.