DOL’s Fiduciary Rule Gets Early OK From Appeals Court

The Labor Department’s fiduciary rule survived another legal challenge on Dec. 15, when a federal appeals court in Washington refused to block the rule from being enforced (Nat’l Ass’n for Fixed Annuities v. U.S. Dep’t of Labor, D.C. Cir., No. 16-5345, per curiam order 12/15/16).

In a one-paragraph order, three judges on the U.S. Court of Appeals for the D.C. Circuit denied an emergency injunction request brought by the National Association for Fixed Annuities. The industry group’s challenge to the rule was twice rejected by a district judge, as was a similar lawsuit by a ...