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DOL Defends Authority For Fiduciary Rule In DC Court

By Jimmy Hoover (August 25, 2016, 7:43 PM EDT) -- The D.C. federal judge presiding over the first major challenge to the U.S. Department of Labor's fiduciary rule said in court Thursday that he was puzzled over whether the agency had exceeded its authority by enabling investors to sue financial institutions under state contract law, suggesting such a right is normally conferred by Congress....

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