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    • DOL appeals Texas court decision freezing its new fiduciary rule

    September 24, 2024 by John Hilton

    Department of Justice attorneys filed appeals Friday in Texas federal courts, seeking to overturn a stay of its Retirement Security Rule.

    The rule, which represents the Department of Labor’s latest attempt to extend fiduciary duty to nearly all annuity sales, was to take effect today. Judge Jeremy D. Kernodle issued the stay on July 25 in a lawsuit brought by the Federation of Americans for Consumer Choice in the Eastern District of Texas.

    Click HERE to read the full story via INN

    Originally Posted at InsuranceNewsNet on September 23, 2024 by John Hilton.

    Categories: Industry Articles
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