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.
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.