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Labor Secretary Perez: DOL Fiduciary Rule Can Survive Lawsuits
ThinkAdvisor Link to more items from this source
Apr. 7, 2016
"The [DOL] is confident that its just-released rule to amend the definition of fiduciary under [ERISA] will survive legal challenges... 'Every rule we take, people threaten us with litigation,' Labor Secretary Thomas Perez told reporters ... 'We had a very lengthy and deliberate process, and what people see when they review the rule is that we listened and made changes. I'm confident in what we've done on the policy front, and I'm confident that we will survive any legal challenge.' "

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