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Fiduciary

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May 22, 2024
Image shows the FACC logo and justice scales against the Texas state flag.
An industry trade group says it's time to move on from fiduciary rule efforts.

FACC injunction request: Freeze DOL fiduciary rule until lawsuit is heard

An industry trade group formally requested a preliminary injunction from a Texas federal court Tuesday to freeze the Department of Labor’s Retirement Security Rule.

May 21, 2024
Image of an emperor's throne, with the logo of the U.S. Department of Labor "seated" on the throne. Why-the-DOLs-Retirement-Security-Rule-is-the-emperor-of-all-Public-policy-mistakes.

Opinion: Why the DOL’s Retirement Security Rule is the emperor of all public policy mistakes

Will the DOL’s new Retirement Security Rule advance the interest of retirement investors? Or will it produce the opposite outcome?

May 20, 2024
Image shows a man fretting with the Department of Labor logo in the background.
The Department of Labor faces a delicate task in trying to convince a court that it can extend fiduciary duty to more plan transactions.

DOL pulling a ‘deceptive’ maneuver with new fiduciary rule, analyst says

The Department of Labor wrote its new Retirement Security Rule with a big focus on surviving a court challenge. Have they succeeded?

May 15, 2024
Image shows the Congress building and the Department of Labor logo.
House committee passes vote to deny funding for DOL fiduciary rule.

Beltway lawmakers seek a Congressional block on DOL fiduciary rule

A pair of resolutions filed today — one in the House, one in the Senate — seek to preempt the Department of Labor Retirement Security Rule and its fiduciary duty.

May 6, 2024
Image of the Scales of Justice with "The Department of Labor: Fiduciary Rule" words overlapping. Trump judge to hear first case challenging the DOL fiduciary rule.

Trump-appointed judge will hear lawsuit against DOL fiduciary rule

A Trump-appointed judge will hear the first lawsuit to challenge the Department of Labor’s fiduciary rule, due to take effect in September.

May 2, 2024
Image shows a court scene and the words, "Department of Labor."
The Department of Labor will have to defend its new Retirement Security Rule in court.

Trade group files first lawsuit against the DOL fiduciary rule

The Federation of Americans for Consumer Choice filed a lawsuit in a Texas federal court Thursday to stop the Department of Labor fiduciary proposal from taking effect.

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