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Spokesman Says DOL Won't Enforce the Fiduciary Rule
Bloomberg BNA
Mar. 19, 2018
"The Labor Department won't be enforcing the fiduciary rule -- at least for now -- after a federal appeals court in Louisiana vacated the rule, a department spokesman told Bloomberg Law March 16.... It's helpful to the industry that the DOL is acknowledging that it covers the whole rule and has a nationwide impact, Kevin Walsh, an attorney with Groom Law Group [said] ... It would also be helpful for the DOL to make clear that the rule is off the books and other parties can't enforce it, Walsh added."
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