DOL Returns to Previous Guidance on Fiduciary Status
Following final judgments on the previous administration’s fiduciary rule, the Department of Labor will revert to its previous five-part test.
Tag: DOL fiduciary rule
District Judge Officially Vacates Fiduciary Rule
The ruling confirms an unopposed motion filed earlier this week, finalizing the Department of Labor’s abandonment of the rule established...
DOL Declines to Oppose Motion for Final Judgment in Second Fiduciary Rule Case
The department previously decided against defending the rule in a separate legal challenge.
DOL Seeks Final Judgment in Vacating Fiduciary Rule
The Department of Labor previously stopped defending the rule on investment advice and now joins the plaintiffs in seeking its...
5th Circuit Grants Dismissal of Fiduciary Rule Appeal
The current administration’s abandonment of the 2024 Department of Labor proposal to apply fiduciary rules to retirement investment advice is...
DOL Lays Out Regulatory Priorities
The Department of Labor’s agenda includes new proposals and suggests that both the ESG and fiduciary rules will be replaced.
DOL Seeks Third Pause in Fiduciary Rule Case
The department asked for an extension lasting through October to consider its options in a federal case challenging the Biden-era...
District Court Partially Strikes Down DOL’s Fiduciary Rule
A legal expert calls the 2023 magistrate judge’s opinion that was upheld in this week’s ruling ‘devoid of logic’ and...
5th Circuit Grants DOL 60 More Days on Fiduciary Rule Lawsuit
The Department of Labor will have more time to decide its next steps in litigation against the Biden-era Retirement Security...
Judge Approves DOL’s Motion to Pause Fiduciary Rule Litigation
The circuit judge granted a 60-day abeyance in two lawsuits against the DOL over its Retirement Security Rule.
DOL Seeks Pause of Fiduciary Rule Stay Appeal
Department of Labor had filed notices of appeal in September 2024 regarding two federal court rulings that had stayed implementation...
SEC Advisory Committee Hearing on Best Interest Advice Set
The group will discuss financial professionals’ obligations to clients in light of the court stays on the DOL’s retirement security...
GAO Finds Conflicts of Interest in Sale of Certain Retirement Investments
The interests of financial professionals and firms ‘often conflict with the interests of retirement investors,’ according to the watchdog’s report.
DOL’s Retirement Security Rule Stayed Ahead of Effective Date
A Texas federal court judge sides with insurers, issues a preliminary injunction of the fiduciary rule.
DOL Sends Final Fiduciary Rule to OIRA For Review
The final draft has been written and now will undergo a review expected to take about 60 days.
Congressional Hearing Highlights Arguments for, Against Retirement Security Proposal
The House of Representatives hosted a second hearing on the retirement security proposal, during which witnesses disagreed on the adequacy...
Fiduciary Proposal May Be Extremely Expensive to Implement, Oxford Survey Finds
The biggest costs would come from disclosure requirements related to rollover decisions, according to a survey commissioned by a financial...
American Securities Association Wants DOL Employees Recused From Work on Fiduciary Proposal
The ASA requested that Congress identify and consider removing from the project certain DOL staff involved with the proposal.
House Committee Hears Expert Testimony on Fiduciary Proposal
Members of Congress and their invited experts discussed the pros and cons of the Department of Labor’s retirement security proposal.
House Members Join Calls to Withdraw DOL Fiduciary Proposal
A letter, signed by representatives from both sides of the political aisle, argues the proposed DOL rule changes are unnecessary...