Department of Labor Fiduciary Rule
*** The United States Fifth Circuit Court of Appeals has vacated the DOL Fiduciary Rule. ***
On March 15th, 2018 the Fifth Circuit Court of Appeals vacated the United States Department of Labor Fiduciary Rule, overturning a lower court decision that had deemed the legislation valid and constitutional. Unless the Department of Labor seeks to appeal this decision to a higher court, the matter is essentially a dead issue. MAIA will continue to update members regarding further developments.
IIABA released a questions and answers document in regards to the Fiduciary Rule released by the U.S. Department of Labor on April 6, 2016.
DOL Fiduciary Rule Q and A