Analysis

Trump Faces Longer Odds To Ax Fiduciary Rule After DOL Win

By Carmen Germaine (February 9, 2017, 10:25 PM EST) -- The Trump administration will need to build a robust administrative record if it wants to convince the public and courts a full-scale repeal of the new fiduciary rule for retirement account advisers is justified and not merely a political about-face, experts said, after a Texas federal judge on Wednesday issued the third lengthy opinion endorsing the U.S. Department of Labor's original analysis.

U.S. District Judge Barbara M.G. Lynn granted the Labor Department's motion for summary judgment on Wednesday in an 81-page opinion finding the agency did not exceed its authority and properly considered the costs and benefits when promulgating the rule...

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