Amici Weigh In On DOL’s Interpretation Of Investment Advice Fiduciaries

Mealey's (September 12, 2022, 12:47 PM EDT) -- DALLAS — The American Council of Life Insurers (ACLI) and Hispanic Leadership Fund (HLF) have each filed an amicus curiae brief in a suit in which Federation of Americans for Consumer Choice Inc. (FACC) and licensed independent insurance agents challenge the U.S. Department of Labor’s (DOL’s) “new interpretation of who is an investment advice fiduciary,” with the most recent allowed Sept. 9....