Judge KOs Labor Department’s latest fiduciary rule
March 18, 2026 by John Hilton
A federal judge officially killed the Department of Labor’s Retirement Security Rule on Tuesday.
District Judge Reed O’Connor acquiesced to the request from both the DOL and the group of trade groups suing to stop the rule.
“Today’s decision rightly vacates and sets aside the 2024 Rule, which exceeded the DOL’s statutory authority and was arbitrary and capricious,” the Securities Industry and Financial Markets Association and Financial Services Institute said in a joint statement.
Originally Posted at InsuranceNewsNet on March 18, 2026 by John Hilton.
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