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DOL to appeal court stays on fiduciary rule for retirement advice


Two Federal District Courts Stay DOL Fiduciary Rule - JD Supra

Citing the Fifth Circuit precedent, the Eastern District Court concluded that the 2024 Rule, like the earlier 2016 rule, conflicts with ERISA in ...

DOL FIDUCIARY RULE STAYED INDEFINITELY

On October 31, 2023, the DOL proposed yet another rule defining who an investment advice fiduciary is under the Employee Retirement Income ...

Are District Court Rulings the 'Final End' For DOL's Fiduciary Rule?

Two federal courts in Texas halted the DOL's new fiduciary rule. An appeal is likely, but ERISA experts say Congress may be the next best stop for the DOL.

New DOL Fiduciary Rule Stayed: What Advisors and Insurance ...

Following the stays that were issued by the Texas courts, the September 23, 2024, effective date for the DOL's new fiduciary rule and the ...

Court rulings put implementation of Department of Labor Fiduciary ...

According to both district courts, the Fifth Circuit Court of Appeal's decision in Chamber of Commerce v. US Department of Labor weighed in ...

Senior DOL Official Defends Fiduciary Rule; Says Appeals Could ...

Ali Khawar, the Principal Deputy Assistant Secretary of Labor for EBSA, at the CFP Board's 2024 Connections Conference defended the Retirement Security Rule.

Back to 1975: New Delays to the DOL's Investment Fiduciary Advice ...

Two Texas federal court decisions have stalled the U.S. Department of Labor's (“DOL”) “investment advice fiduciary rule” under Section 3(21) of the Employee ...

DOL's Fiduciary Rule: The Latest Developments - K&L Gates

The courts determined that the industry groups challenging the Fiduciary Rule are likely to succeed on the merits of their claim that the ...

Texas Courts Delay Implementation of DOL's Investment Advice ...

Two Texas federal courts have ordered stays delaying the effective date of the Department of Labor's final “investment advice fiduciary rule ...

Second Texas Federal Court Broadens Stay of DOL Retirement ...

DOL, ordering a stay on the so-called fiduciary rule with the argument that it did not need further court review; but denying a preliminary ...

Fifth Circuit Court of Appeals Vacates DOL Fiduciary Rule

On March 15, 2018, the Court of Appeals for the Fifth Circuit reversed a district court judgment and vacated the U.S. Department of Labor's (the ...

401(k) Advice Rule That Wall Street Opposes Paused by Judge (2)

A US Labor Department rule that classifies more retirement advice providers as fiduciaries ... court. In his order, Kernodle cited a recent ...

ERISA Fiduciary Advice Rule Wars: Texas Courts Strike Back | Insights

The DOL is likely to appeal these decisions, but the stays leave potential investment advice fiduciaries in limbo as the Final Rule and ...

Here We Go Again! Fiduciary Rule Effective Date Delayed - JD Supra

The U.S. Court of Appeals for the Fifth Circuit vacated the 2016 Fiduciary Rule, holding that it conflicted with ERISA by redefining “investment ...

The DOL's final fiduciary rule expands the scope of investment ...

The 2016 Rule was vacated by a decision of the US Court of Appeals for the Fifth Circuit in 2018. While the Final Rule is consistent in spirit with the 2016 ...

US judge blocks latest version of labor department's fiduciary rule

A U.S. judge has blocked a Department of Labor rule from taking effect that would have expanded the types of retirement advisers who are ...

Breaking News: Federal Judge Slams Brakes on Fiduciary Rule

A federal judge put a hold on the effective date of the Labor Department's new fiduciary rule. In ordering the stay, United States District ...

Federal judge puts DOL retirement advice rule on hold

DOL to appeal court stays on fiduciary rule for retirement advice. The court filings seek to overturn two injunctions federal courts imposed ...

Another Federal Court Slams Fiduciary Rule

But that is an argument for the en banc Fifth Circuit or the Supreme Court. The balance of the factors necessary to issue a stay, moreover, ...

Everything You Need to Know About the DOL Fiduciary Rule

The Department of Labor (DOL) expanded the “investment advice fiduciary” definition, but it was vacated by a Federal Appeals Court for being "unreasonable."