DOL is overreaching its authority again, fiduciary rule critics tell Texas federal court
July 23, 2024 by Leo Alamazora
A coalition representing life insurance and annuity issuers told a federal court in Texas that the US Department of Labor’s new fiduciary rule overreaches its authority and flouts previous court rulings.
Click HERE to read the full story via InvestmentNews
Wink’s Moore on the Market: The coalition representing the interests of the insurance industry, who are fighting the U.S. Department of Labor over the fiduciary rule, say “oh no, you didn’t!”
The coalition contends that the DOL is ignoring a previous court ruling, vacating the fiduciary rule.
Check out all of the deets, below.
Thanks for the update, Leo Almazora with InvestmentNews. -sjm