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DOL Fiduciary Rule Implementation Delayed. What Does the DOL Do Next?
Armstrong Teasdale 
Sept. 4, 2024 "On July 25, 2024, the U.S. District Court for the Eastern District of Texas issued a stay siding with the insurance industry plaintiffs and enjoining the DOL from enforcing the Final Rule on its effective date of Sept. 23.... On July 26, 2024, the Northern District Court also issued a stay that incorporated the Eastern District's holding but went further and extended the stay to the prohibited transaction exemption changes made under the Final Rule. ... It appears that the DOL's fourth attempt to expand the fiduciary definition under ERISA could very well suffer the same fate as the previous three attempts." MORE >> |
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