Justice Department lets deadline to defend DOL fiduciary rule pass. What’s next?
May 1, 2018 by Mark Schoeff Jr.
A key deadline has passed without the Labor Department acting to defend its fiduciary rule in court. But the measure isn’t dead yet.
The Department of Justice, acting on behalf of the DOL, had until Monday to appeal a March 15 split decision in the 5th Circuit Court of Appeals to strike down the regulation, which would require brokers to act in the best interests of their clients in retirement accounts.
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Originally Posted at InvestmentNews on May 1, 2018 by Mark Schoeff Jr..
Categories: Industry Articles