A bicameral group of senators and house representatives have launched a joint resolution seeking to quash the rule.
A pair of resolutions filed today -- one in the House, one in the Senate -- seek to preempt the Department of Labor Retirement Security Rule.
The rule, finalized April 23, changed the test used to determine when someone is an investment advice fiduciary under ERISA.
Sen. Joe Manchin (D-W.Va.) and a group of Republican senators are moving to overturn a new retirement investment planning ...
The senators — Ted Budd, R-N.C.; Bill Cassidy, R-La.; Joe Manchin, D-WV, and Roger Marshall, R-Kansas — said in a joint ...
Morningstar estimates that the rule could save retirement plan participants a total of $55 billion in fees over the next 10 years. And those savings would jump to $130 billion over the subsequent 10 ...
The federal government says this regulation will help protect you from investment advisors with ulterior motives.
No sooner had the DOL published the final fiduciary rule than it was hit with a lawsuit in Texas federal court on May 2 ...
Those who show a "systematic pattern" of violating the Department of Labor’s new fiduciary rule can face a tsunami of penalties, including a 10-year ban on providing rollover advice, monetary ...
Three regulatory amendments that are attached to the new "retirement security rule" display the stakes of the legal challenge ...
The company has grown enormously in a short amount of time, and is poised to expand more into small retirement plans and ...
the DOL made its fourth attempt since 2010 to expand investment advice fiduciary status by issuing the retirement security ...