5th Circuit Says DOL Fiduciary Rule is OUT in its District

After a 2-1 split decision determining the 2017 fiduciary rule was not consistent with the term’s historical meaning or with the legislative intent set by Congress when ERISA was enacted, the 5th Circuit Court of Appeals has vacated the “fiduciary advice rule” in its district. This decision is inconsistent with other related federal court cases, most of which upheld the fiduciary rule. Learn more.