Fifth Circuit Vacates DOL Fiduciary Rule
On March 15, 2018, the United States Court of Appeals for the Fifth Circuit vacated the Department of Labor’s Fiduciary Rule. The Fiduciary Rule (which is actually seven different rules promulgated by the Department of Labor) imposed heightened standards on retirement investment advisors, and expanded the definition of fiduciary under ERISA. The Rule went into effect on June 9, 2017, with a transition period until January 1, 2018. After...
read more