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10th Circ. Sides With DOL In Row Over New Fiduciary Rule

Law360 (March 13, 2018, 8:58 PM EDT) -- A Tenth Circuit panel Tuesday affirmed a decision upholding the U.S. Department of Labor's new fiduciary rule for retirement account advisers related to fixed indexed annuity sales, agreeing with the lower court that the rule’s critics were given an opportunity to comment on it.

The panel agreed with a Kansas federal judge's opinion that the DOL didn't overstep its authority in enacting the rule, which aims to combat conflicts of interest for financial advisers. (Law360) In a unanimous published decision penned by U.S. Circuit Judge Paul...
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Case Information

Case Title

Market Synergy Group v. Department of Labor, et al


Case Number

17-3038

Court

Appellate - 10th Circuit

Nature of Suit

2899 Other Statutes

Date Filed

February 23, 2017

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