Quantcast
Home / Legal News / Fifth Circuit vacates DOL conflict of interest fiduciary rule

Fifth Circuit vacates DOL conflict of interest fiduciary rule

The Fifth Circuit vacated the Department of Labor’s long-suffering conflict of interest rule (commonly referred to as the “fiduciary rule”), holding that the rule exceeds the scope of DOL’s regulatory authority.  The decision means that the expanded definition of fiduciary, the elevated standards of conduct for certain investment advisors, and the accompanying prohibited transaction exemptions ...

Leave a Reply

Your email address will not be published. Required fields are marked *

*