Stay Of DOL’s New Investment Advice Fiduciary Rule Expanded To Rest Of Changes

(August 8, 2024, 10:36 AM EDT) -- FORT WORTH, Texas — Agreeing with the reasoning of a peer who entered a nationwide stay of the effective date of a new U.S. Department of Labor (DOL) rule that redefines and broadens who is an investment advice fiduciary under the Employee Retirement Income Security Act, a Texas federal judge expanded the stay to related prohibited transaction exemption (PTE) amendments that weren’t at issue in the other suit....

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