Emergency request to block fiduciary rule filed in Texas court

March 15, 2017 by Melanie Waddell

The U.S. Chamber of Commerce and industry groups suing the Labor Department over its fiduciary rule in a Texas court filed an emergency request Friday asking a judge to stop the rule from taking effect while they take their case to the U.S. Court of Appeals for the Fifth Circuit.

Judge Barbara M.G. Lynn, in her Feb. 8 decision upholding Labor’s fiduciary rule, said Congress “gave DOL broad discretion” to protect retirement investors.

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Originally Posted at LifeHealthPro on March 14, 2017 by Melanie Waddell.