Lawsuits Aim to Overturn DOL’s Fiduciary Rule
The Department of Labor (DOL) issued a rule earlier this year that automatically elevates all financial advisors who work with retirement plans or accounts to the status of a fiduciary. This rule promises to have a far-reaching effect on the financial industry as a whole and the retirement planning sector in particular. However, several key organizations in the industry have responded to this rule by filing lawsuits aimed at overturning it. There are now five suits pending in various courts
Read More