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NFL Benefit Plan Faces Renewed Legal Challenge Over Broken Regulations, Fiduciary Duty Claims
Benefit Plan violated federal regulations and breached fiduciary duties. Initially filed in 2023 and aiming to cover all plan participants that applied for benefits since 1970, the ...
Source: BestWire   Date: July 13, 2026
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Court Vacates DOL Fiduciary Rule Following Department's About-Face
Department of Labor abandoning the regulations it previously supported. Traditionally, a person is considered a "fiduciary" for Employee Retirement Income Security Act plan ...
Source: BestWire   Date: March 18, 2026
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DOL Moves to Vacate Retirement Fiduciary Rule Opposed By Insurers
Northern District of Texas. In support of vacating the rule, the department pointed to a previous ruling from the 5th Circuit Court of Appeals that invalidated a similar regulation ...
Source: BestWire   Date: March 11, 2026
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Federal Court Dismisses Cutter Financial's Bid for New Trial
Investment Advisers Act of 1940. The United States Securities and Exchange Commission filed the suit in U.S. District Court for the District of Massachusetts in March 2023, ...
Source: BestWire   Date: December 31, 2025
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US DOL Withdraws Appeal of Order Blocking Fiduciary Rule
Employee Retirement Income Security Act plans. In February, the Labor Department asked the 5th Circuit to pause the appeal as its new leadership familiarized themselves with the ...
Source: BestWire   Date: December 4, 2025
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SEC Moves for Discovery on Cutter Financial's Post-Trial Remarks
The SEC filed the suit in U.S. District Court for the District of Massachusetts in March 2023, alleging Cutter Financial steered clients to certain insurance and annuity products, ...
Source: BestWire   Date: July 14, 2025
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US Labor Department Requests Pause on Fiduciary Rule Appeal
The motion was filed Feb. 11 and squashes a Feb. 14 deadline for the department's briefs. Should the court deny the motion, all parties have requested a one-week extension to file ...
Source: BestWire   Date: February 13, 2025
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Court Stays Labor Department's Investment Fiduciary Rule
District Court, Northern District of Texas. The rule was slated to go into effect Sept. 23. Traditionally, a person is considered a "fiduciary" for ERISA plan purposes if they are ...
Source: BestWire   Date: August 13, 2024
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Nine Life Insurance Trade Groups File Lawsuit to Block Department of Labor Fiduciary Rule
Nine life insurance trade groups filed a joint lawsuit against the U.S. Department of Labor to overturn its fiduciary rule, which they contend would reduce consumers' access to ...
Source: BestWire   Date: June 4, 2024
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New Fiduciary Rule on Annuity Sales To Take Effect in September, US Labor Department Says
Neely said in a statement. "More than 4.1 million Americans will be turning 65 each year through 2027. Most of them will not have access to traditional pensions and will need ...
Source: BestWire   Date: April 26, 2024
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Outgoing ACLI Head: Fiduciary Rules, Politics Top Life Insurance Priority List
President Donald Trump, the Republican he beat in the 2020 election. The entire 435-member House is up for election, as well as 33 of 100 senators. Biden's administration proposed ...
Source: BestWire   Date: April 12, 2024
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NAIC, Life Trade Groups, Continue to Push Back on Fiduciary Proposal
District of Columbia, and the U.S. territories - before promulgating the current proposed rule," it said. "While DOL has interacted with NAIC staff and members, those discussions ...
Source: BestWire   Date: January 10, 2024
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Life Trade Groups Again Bash US DOL's Proposed Fiduciary Rule
Insurance trade groups again bashed the U.S. Department of Labor's proposed fiduciary rule package, saying it would financially harm the people the government wants to help. The ...
Source: BestWire   Date: January 3, 2024
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US Department of Labor Proposes New Guidelines Changing Definition of Investment Advice Fiduciary
Labor Julie Su said in a statement. "This rule ensures that savers of all income levels can work confidently with investment professionals to grow their nest egg and prepare for ...
Source: BestWire   Date: October 31, 2023
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US Labor Department Submits New Fiduciary Rule to Office of Management and Budget
Insured Retirement Institute, is "damaging. "DOL is plowing ahead with its latest damaging proposal despite the fact that federal courts have repeatedly rejected their efforts to ...
Source: BestWire   Date: September 11, 2023
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Federal Court Asking DOL if It Will Back Fiduciary Rule in Texas Lawsuit
Texas federal court is asking the U.S. Department of Labor how it intends to proceed in a case challenging the department's interpretation of an investment advice rule now that it ...
Source: BestWire   Date: May 22, 2023
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ACLI Files Brief Supporting Lawsuit Fighting US Labor Department’s Investment Advice Rule
Circuit decision returning the issue to its pre-2016 status. But the DOL said in a filing this month it did not revive any of the elements of the 2016 Rule that the Fifth Circuit ...
Source: BestWire   Date: September 14, 2022
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Trade Representatives Seek Delay in Implementation of New DOL Fiduciary Rule
Employee Retirement Income Security Act. Under the law, fiduciary investment advice providers cannot receive payments that create conflicts of interest, unless they qualify for a ...
Source: BestWire   Date: September 27, 2021
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New DOL Guidance Tightens Overhauled Conflict-of-Interest Standards
Prohibited Transaction Exemption issued by the DOL. The new guidance talked directly about how advisers are paid and potential problems with incentive-based compensation. ...
Source: BestWire   Date: April 20, 2021
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Biden DOL Adopts Trump Administration’s Fiduciary Rule for Retirement Products
Berkowitz agreed with the DOL's decision. "This will permit our member companies to continue to provide clients with valuable retirement products and services under robust consumer ...
Source: BestWire   Date: February 16, 2021
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