Texas judge denies all but 2 briefs in DOL fiduciary hearing
September 6, 2016 by Melanie Waddell
The federal judge overseeing the case in Texas against the Department of Labor’s fiduciary rule on Wednesday denied considering all but two of the eight amicus briefs filed in the court, allowing only the briefs filed by the Financial Planning Coalition and the American Association for Justice.
In rendering her decision, District Judge Barbara M.G. Lynn stated that the Coalition’s motion should be granted because its proposed brief “provides a unique perspective” as the only filing party “representative of financial professionals in the United States already operating under a fiduciary standard.”
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