DOL Reacts to Fifth Circuit Ruling Vacating Expansion of Fiduciary Rule

Chris Nemeth, Brian Tiemann and Samantha Souza wrote this bylined article about the Department of Labor’s guidance following the Fifth Circuit ruling to strike down the New Fiduciary Rule and the possibility of the SEC developing its own regulations. “Plan sponsors should continue to follow developments related to the enforceability of the New Fiduciary Rule and the SEC’s proposed fiduciary regulations,” they said.