05.22.24
New Court Filing Seeks To Delay DOL Fiduciary Rule
by: Melanie Waddell
The Federation of Americans for Consumer Choice and several independent insurance agents filed a preliminary injunction late Tuesday in federal court, seeking to force the Labor Department to delay implementation of its new fiduciary rule. The filing — the group’s second — in U.S. District Court for the Eastern District of Texas argues that Labor’s rule will cause too much damage if it goes into effect, so the court needs to delay its implementation until FACC’s existing case against Labor’s PTE 2020-02 on rollover advice is resolved.
Read the full article on Think Advisor