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Trade group files first lawsuit against the DOL fiduciary rule

Trade group files first lawsuit against the DOL fiduciary rule
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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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