For the time being, proceedings in the lawsuits against the Department of Labor's fiduciary rule will continue as scheduled, in spite of Donald Trump's unexpected victory in Tuesday's presidential election.
This is according to two Employee Retirement Income Security Act experts.
The Trump victory has called into question whether his administration will seek to stay and dismantle the fiduciary rule, which requires all advisors to IRAs and 401(k) plans with fewer than $50 million in assets to serve as fiduciaries.
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