July 07, 2017
The AARP, the National Employment Law Project and other groups filed an amicus brief Thursday urging the Fifth Circuit to uphold the U.S. Department of Labor's fiduciary rule for retirement account advisers, criticizing the agency's recent 180 on the rule's prohibition on class action waivers.
July 05, 2017
The U.S. Department of Labor on Monday defended its fiduciary rule for retirement account advisers against a Fifth Circuit challenge, saying the Obama administration reasonably expanded the definition of fiduciary, but agreeing to drop a controversial prohibition on class action waivers.
May 09, 2017
The Washington Legal Foundation submitted an amicus brief Tuesday urging the Fifth Circuit to rule against the U.S. Department of Labor's fiduciary rule for retirement account advisers, telling the appellate court the rule improperly restricts the speech of broker-dealers and investment advisers.
May 03, 2017
Several financial industry and insurance groups told the Fifth Circuit on Tuesday that the U.S. Department of Labor exceeded its "narrow authority" and flouted longstanding distinctions between fiduciaries and salespeople in developing its fiduciary rule for retirement account advisers.
April 06, 2017
The Fifth Circuit on Wednesday declined to enjoin the U.S. Department of Labor's fiduciary rule for retirement accounts, despite claims from industry groups challenging the rule that the agency's own 60-day pause isn't long enough.
April 03, 2017
A coalition of business groups suing over the U.S. Department of Labor’s fiduciary rule for retirement account advisers told the Fifth Circuit on Friday that the agency’s “patchwork relief plan” isn’t enough to forestall damage from the rule, and that staying the rule altogether would benefit the DOL as well.
March 29, 2017
The U.S. Department of Labor on Wednesday urged the Fifth Circuit not to halt its fiduciary rule for retirement account advisers while the U.S. Chamber of Commerce and other groups attempt to revive their challenge of the rule, saying the "extraordinary relief" is not warranted.
March 22, 2017
The U.S. Chamber of Commerce and other groups asked the Fifth Circuit on Tuesday to halt the U.S. Department of Labor's fiduciary rule for retirement account advisers while they attempt to revive their challenge of the rule, a day after being rebuffed by a Texas federal judge.