Proposed Fiduciary Rule Delay Sent to OMB for Approval

The Department of Labor (DOL), after closing a 15-day commentary period, has sent for approval the proposed 60-day delay in its Fiduciary Rule to the Office of Management and Budget (OMB), which would push its implementation date from April 9 to June 10 at the...

Another Judge Upholds DOL Fiduciary Rule

Saying she found “the plaintiffs’ position on the merits unpersuasive,” U.S. District Chief Judge Barbara M.G. Lynn in Dallas has dismissed a motion for a preliminary injunction against the Department of Labor (DOL) Fiduciary Rule (aka...

Comment Period on DOL Fiduciary Rule Delay Closes

The public comment period on the proposal by the Department of Labor (DOL) to delay implementation of its Fiduciary Rule came to a close Friday afternoon, with at least 565 letters received. The proposal, if it becomes final, will push back the April 10 start date for...

DOL to Honor Gap of Enforcement of Fiduciary Rule

On Friday, March 10, the Department of Labor (DOL) issued guidance on enforcement of its Fiduciary Rule, which was set to be implemented on April 10 but for which the agency has proposed a 60-day delay. In its guidance, the department says it basically won’t...