DOL Fiduciary Rule Tossed Out by Appellate Court

Things are beginning to look pretty gloomy for the Department of Labors Fiduciary Rule. A U.S. Court of Appeals for the 5th Circuit three-judge panel this month struck down the entire Rule, describing it as "backdoor regulation." With the SEC now working on its own fiduciary regulations that may prove dominant in this area, the DOL is now faced with the question of whether the appellate court ruling is worth appealing.
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