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Texas Court Issues DOL Fiduciary Stay
Dechert LLP 
July 29, 2024 "[T]he Stay is not limited to the plaintiffs in the case or the jurisdiction of the Eastern District of Texas but, rather, applies nationwide....[T]he Stay does not impact the effective date of ... amendments to [PTE 2020-02] (which are scheduled to become effective September 23, 2024) ... [U]ntil further court action, the 2024 Fiduciary Rule and amendments to [PTE 84-24] will not become effective and the 1975 rule (the so called 'five part test') remains in effect." |
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