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The First Challenge To The Conflict Of Interest Rule And Related Exemptions Goes To The Department Of Labor
By Jeffrey M. Haber On November 4, 2016, a judge sitting in the United States District Court for the District of Columbia upheld the Department of Labor’s (“DOL”) fiduciary duty rules that were adopted to curtail conflicts of interest by financial advisors providing investment recommendations for retirement accounts. In a 92-page ruling, Judge Randolph Moss rejected arguments that the new rules would have “catastrophic consequences” for the fixed indexed annuities industry,

Jeffrey Haber
Nov 22, 20168 min read
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