Last November, NAFA successfully petitioned the D.C. Circuit to delay the hearing in the appellate court until after the 5th Circuit issued its decision. That ruling may ultimately be regarded as the indispensable thing opponents needed to defeat the fiduciary rule through the courts. (Photo: David Handschuh/NYLJ)
The U.S. Court of Appeals for the District of Columbia Circuit has officially dismissed the National Association for Fixed Annuities' appeal of a lower court decision upholding the Labor Department's fiduciary rule.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
