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The Labor Department’s fiduciary rule — roundly pronounced as deceased when the U.S. Court of Appeals for the Fifth Circuit issued a June 21 mandate enforcing a decision to vacate the regulation—may yet rise from the dead.
On June 28, Barbara M.G. Lynn, Chief Judge for the U.S. District Court for the Northern District of Texas, issued an order instructing any party seeking “further relief ” to notify the court by July 12.
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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.
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