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DOL Has No Authority For Fiduciary Rule, DC Circ. Told

Law360, New York (August 16, 2017, 8:02 PM EDT) -- The National Association for Fixed Annuities urged the D.C. Circuit on Tuesday to revive the group's challenge to the U.S. Department of Labor’s fiduciary rule for retirement account advisers, saying the regulation threatens to upend the fixed annuities industry and exceeds the agency’s authority.

NAFA filed its opening brief in the appeal Tuesday, seeking to overturn U.S. District Judge Randolph D. Moss’ November 2016 decision dismissing the insurance trade organization’s claims that the rule runs counter to Congress’ intentions in drafting the Employee Retirement Income Security...
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Case Information

Case Title

National Association for Fixed v. DOL, et al


Case Number

16-5345

Court

Appellate - DC Circuit

Nature of Suit

2899 Other Statutes APA/Review Agency

Date Filed

November 28, 2016

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Government Agencies

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