A fifth lawsuit against the Department of Labor's fiduciary rule has been brought by a privately owned insurance agency with a focus on the marketing of fixed indexed annuities.

The Market Synergy Group, a Topeka, Kansas-based licensed insurance agency, partners with insurance companies to distribute annuities through a channel of 11 independent marketing organizations.

Its suit against the Labor Department, which was brought in U.S. District Court for the District of Kansas, is narrow in its claim relative to four suits previously filed against the Labor Department.

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