DOL’s apparent U-turn in court hints at new fiduciary rule in works
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The American Securities Association says the Labor Department voluntarily dropped its appeal of a Florida court's decision striking down DOL guidance making rollover advice fiduciary.
In a surprising reversal, the DOL has backed off from defending its guidance around a Trump-era fiduciary rule in court, indicating that it could soon embark on a new rulemaking course for retirement account financial advice.
Only a month ago, the Department of Labor filed an appeal of a Florida
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