Amicus Certifiers Call Former DOL Rule ‘Dinosaur,’ Argue Against Reviving It

(July 5, 2024, 12:54 PM EDT) -- FORT WORTH, Texas — Saying in a July 3 amicus curiae brief that a lawsuit seeks “to resuscitate a dinosaur,” affiliated nonprofits that operate a financial planner certification program urge a Texas federal court not to grant a preliminary injunction or stay the effective date of a new U.S. Department of Labor (DOL) rule that redefines and broadens who is an investment advice fiduciary under the Employee Retirement Income Security Act....

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