Plaintiffs Say DOL Lawsuit Unavoidable

June 2, 2016 by John Hilton

Eugene Scalia, partner at the Washington, D.C. law firm Gibson Dunn. Scalia is the lead attorney for a lawsuit to stop the Department of Labor fiduciary rule.

High profile defense attorney Eugene Scalia said the Department of Labor failed on several counts in crafting its fiduciary rule.

“The Labor Department erred by having over-defined fiduciary, exceeding its powers and authority in a number of other ways,” Scalia explained. “For example, the U.S. Labor Department does not have regulatory enforcement authority over IRAs. That lies with the Treasury Department.”

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Originally Posted at InsuranceNewsNet on June 2, 2016 by John Hilton.