DOL Fiduciary Rule One Step Closer To History
May 1, 2018 by John Hilton
The federal government missed a deadline Monday to appeal a ruling tossing out the controversial Department of Labor fiduciary rule.
The decision means that the March 15 Fifth Circuit Court of Appeals ruling is slated to take effect May 7.
A few hurdles still remain. Last week, AARP filed an appeal of the Fifth Circuit ruling, while New York, Oregon and California filed a motion asking the court for permission to rehear the case in front of the full panel of judges — known as an en banc review.
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