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Labor Dept.'s new rule on bad investment advice challenged in court

Labor Dept.'s new rule on bad investment advice challenged in court
legalnewsline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from legalnewsline.com Daily Mail and Mail on Sunday newspapers.

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Industry Trade Group Sues The DOL Over Encroaching Fiduciary Standard

The DOL’s Investment Advice Rule, which takes full effect this week, broadens the agency interpretation of who is considered a fiduciary, which the lawsuit contends is contrary to an earlier decision of the Fifth Circuit Court of Appeals. ....

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