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Fiduciary Rule Appeal Dropped: PTE 2020-02 Stands
Harris Beach Murtha Cullina PLLC 
[Guidance Overview] Dec. 3, 2025 "The Court's order dismisses the legal challenges to the Fiduciary Rule effective the date the 'Motion to Voluntarily Dismiss Consolidated Appeals' was filed, November 2025.... Pending the issuance of regulation, financial institutions and certain covered entities must continue to comply with the requirements of PTE 2020-02, affecting retirement asset investments and rollovers, as finalized in December 2020 and as subsequently vacated, in part, by court order." [FACC. v. DOL, No. 24-0163 (E.D. Tex. Jul. 25, 2024; on appeal to 5th Cir. No. 24-40637; motion to dismiss granted Nov. 28, 2025)] MORE >> |
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