SIFMA, FSI Join Suit to Strike Down DOL Fiduciary Rule
July 3, 2024 by Melanie Waddell
The Securities Industry and Financial Markets Association along with the Financial Services Institute filed a complaint Friday against the Labor Department’s new fiduciary rule, asking the U.S. District Court for the Northern District of Texas court to vacate the rule.
SIFMA and FSI have joined via a plaintiff-intervenors’ complaint the suit filed on May 24 by nine insurance industry trade groups.
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Wink’s Moore on the Market: Interesting.
The Securities Industry and Financial Markets Association AND The Financial Services Institute have joined the other trades in the lawsuit against the U.S. Department of Labor‘s regarding the fiduciary rule. -sjm