April 27, 2026
Insurance agents, their firms and an industry group agreed to drop a suit challenging the U.S. Department of Labor's 2020 interpretation on how fiduciary duties apply in rollover investment advice situations, which comes after the agency adjusted its regulations in March to reflect how litigation developments had changed policy.
July 10, 2025
A Texas federal judge partially invalidated an investment advice regulation from President Donald Trump's first administration involving employee retirement savings and rollover transactions, ruling the U.S. Department of Labor exceeded its authority when it handed down a new interpretation of federal benefits law.
July 17, 2024
The U.S. Supreme Court's rollback of Chevron deference doesn't boost the likelihood of success for a trade group's claims that a U.S. Department of Labor regulation unlawfully expanded the pool of retirement advisers with obligations under federal benefits law, the agency told a Texas federal judge Wednesday.
June 30, 2023
A federal magistrate judge in Texas on Friday recommended partially invalidating a Trump-era investment advice rule involving employee retirement savings and rollover transactions, finding a new interpretation from the U.S. Department of Labor exceeded its statutory authority.
September 08, 2022
The U.S. Department of Labor asked a Texas federal judge to toss a challenge to a 2020 rule critics say would unlawfully expand which retirement advisers qualify as fiduciaries with obligations under federal benefits law, arguing the regulations were a reasonable interpretation of federal benefits law.
February 03, 2022
A group of licensed independent insurance agents and a trade group in Texas sued the U.S. Department of Labor over a Trump-era investment advice rule involving employee retirement savings, arguing the regulation advances the same policies that the Fifth Circuit invalidated in 2016.