The Department of Labor has asked a federal court to vacate its controversial fiduciary rule, taking a decisive step toward killing the regulation after previously abandoning its legal defense. In a ...

After choosing not to defend the regulation in an earlier case, the Department of Labor has again declined to oppose a motion for final judgment in a second legal challenge to the fiduciary rule.

The Department of Labor had already ceased defending the investment advice rule and is now joining the plaintiffs in requesting that it be fully vacated. The Department of Labor filed a joint motion ...

The fate of a new Department of Labor rule, one that would require advisors to adhere to stricter standards of fiduciary care when they give advice on retirement products, has been caught in legal ...

The Department of Labor announced Monday that it would reproprose its rule on the application of the fiduciary standard to retirement accounts. The announcement came after House Financial Services ...

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If the Trump Department of Justice backs away from the DOL rule, it would leave the playing field to the plaintiffs. (More: The most up-to-date information on the DOL fiduciary rule) “By dropping ...

The Department of Labor's move to set a uniform fiduciary standard on investment advice before the Securities and Exchange Commission represents a policy breakdown on the part of the U.S. government, ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

The regulatory pendulum has been swinging toward deregulation since Donald Trump was inaugurated last month. On his first day in office, January 20, 2025, President Trump issued a presidential ...

The U.S. Department of Labor (DOL) indicated in court documents that it intends to begin new rulemaking to replace a previous rule that permitted 401(k) plan fiduciaries to consider environmental, ...