Plaintiffs Object To Partial Vacatur Recommendation In DOL Fiduciary Status Row

Mealey's (August 21, 2023, 9:20 AM EDT) -- DALLAS — Objecting to a Texas federal magistrate judge’s recommendation in a dispute over a U.S. Department of Labor (DOL) test for whether financial professionals are acting as investment advice fiduciaries under the Employee Retirement Income Security Act, plaintiffs argue that all, not just part, of what is referred to as the “new interpretation” should be vacated and a permanent injunction issued....