Market Synergy Hammers DOL on Public Notice of Rule Changes

October 4, 2016 by John Hilton

Market Synergy Group reminded a judge this week that the Department of Labor denied it the opportunity to comment on key changes to its fiduciary rule.

Market Synergy Group filed the brief in response to the 3 1/2-hour hearing Sept. 21 before Judge Daniel Crabtree in Kansas City. Some analysts say the proceeding went very well for the plaintiffs.

MSG is taking a nuanced stand with its request for a preliminary injunction, citing irreparable harm if fixed indexed annuity sales require a Best Interest Contract Exemption.

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Originally Posted at InsuranceNewsNet on September 30, 2016 by John Hilton.