Is the DOL’s Fiduciary Rule Dead – or Only Mostly Dead?

© 2018 The Texas Lawbook.

By Timothy G. Verrall and Ron Chapman, Jr. of Ogletree Deakins

(March 22) – Since 2010, the U.S. Department of Labor has been refining regulations – the so-called fiduciary rule – that significantly expand the existing fiduciary and conflict of interest requirements for investment advisers working with retirement plans and individual retirement accounts under ERISA and the Internal Revenue Code, but these efforts may have hit a fatal roadblock on March 15, courtesy of the 5th Circuit Court of Appeals.