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Split 5th Circ. Vacates DOL's Obama-Era Fiduciary Rule

By Dave Simpson ( March 15, 2018, 11:34 PM EDT) -- A split Fifth Circuit panel on Thursday vacated the U.S. Department of Labor's fiduciary rule for retirement account advisers, with the majority finding the agency overstepped its authority and that the Obama-era rule's redefinition of "fiduciary" was unreasonable....

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