Second Lawsuit Challenges DOL On Investment Advice Rule
February 15, 2022 by John Hilton
A second lawsuit in one week challenges the Department of Labor’s authority to enforce its Investment Advice Rule governing transactions involving retirement account dollars.
The American Securities Association filed a lawsuit Tuesday afternoon in U.S. District Court for the Middle District of Florida. It claims the DOL overstepped its bounds with guidance issued in April 2021.
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Originally Posted at InsuranceNewsNet on February 9, 2022 by John Hilton.
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