In the Margins

Is fiduciary rule about to die?

June 15, 2018

By InvestmentNews

The Department of Labor fiduciary rule is teetering on the brink of death after the Justice Department, which was defending the rule in court, appears to have let a key deadline pass to keep the case alive. On March 15, the 5th Circuit Court of Appeals struck down the DOL fiduciary rule, which raises investment advice standards in retirement accounts, in a split 2-1 decision. The Department of Justice had until Wednesday to appeal to the Supreme Court for a hearing. Read the original story from InvestmentNews.

 

 

Most Read

Top of the Agenda - Legal
Fund lawyers say Pinnacle case an outlier

When the Securities and Exchange Commission announced earlier this month it was charging a mutual fund adviser, some of its officers, and two independent fund directors ...