Appeals court upholds DOL fiduciary rule in case involving fixed indexed annuities

March 13, 2018 by Mark Schoeff Jr.

A federal appeals court upheld the Labor Department’s fiduciary rule in a decision issued on Tuesday.

The 10th Circuit Court of Appeals ruled in favor of a Kansas district court that granted summary judgment to the DOL in a lawsuit filed by Market Synergy Group Inc., a Topeka insurance agency that develops fixed indexed annuities and other proprietary insurance products.

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Originally Posted at InvestmentNews on March 13, 2018 by Mark Schoeff Jr..