Second stay granted to defendants suing the DOL over its fiduciary rule
July 29, 2024 by John Hilton
A second federal judge granted a stay of the effective date Friday halting the Department of Labor’s Retirement Security Rule until the full case can be heard.
The decision from the Northern District of Texas was expected after an Eastern District court granted a similar stay Thursday. The rulings mean the DOL’s latest attempt to extend fiduciary duty to insurance agents will not take effect Sept. 23 as originally scheduled.
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