Posts in Fifth Circuit.
The issue over the Fiduciary Rule, and whether it will be implemented, revised, vacated, forgotten, etc. has been ongoing. In March 2018, the Fifth Circuit Court of Appeals ruled in favor of several business groups who challenged the Fiduciary Rule. See (https://www.ca5.uscourts.gov/opinions/pub/17/17-10238-CV0.pdf).
Specifically, the business groups challenged the Rule on multiple grounds, including:
(a) the Rule's inconsistency with the governing statutes,
(b) DOL's overreaching to regulate services and providers beyond its authority,
(c) DOL's imposition of ...
Posted in: Fiduciary Rule, Fifth Circuit
Tags: Fiduciary Rule, fifth circuit