The regulator is asking for the lawsuit to be dismissed in summary judgement.
Estimated reading time: 0 minutes, 24 seconds
DoL Responds to Lawsuit Targeting Fiduciary Standard
In response to litigation targeting the fiduciary standard rule, the Department of Labor argues its new regulation is consistent with the law, backed by appropriate research, and is reasonable. So reports InsuranceNewsNet.
The litigation opposing the fiduciary standard maintains that the DoL has overstepped its bounds in passing the rule and has created unnecessary burdens while undermining the interests of retirement investors.
Most Read
-
-
Feb 21 2011
-
Written by Administrator
Add us to your Safe Sender list: We want to…
-
-
-
Nov 07 2012
-
Written by Administrator
Progressive Media Group Subscription Agreement This agreement states the general…
-
-
-
Mar 09 2013
-
Written by Staff Writer
While market bulls are understandably cheering the ongoing equity rally…
-
-
-
Nov 07 2012
-
Written by Administrator
Welcome We’re glad you chose to visit a Progressive Media…
-