Newsflash: Ding Dong - The Amended Fiduciary Rule Is (Almost) Dead

May 08, 2018

Fiduciary rule, we hardly knew ya. The death knell for the DOL’s amended rule appears to be sounding this week with the expected mandate from the Fifth Circuit effectuating the vacatur of the amended rule in the case of Chamber of Commerce v. U.S. Department of Labor.

Furthermore, on May 7, 2018, in Field Assistance Bulletin 2018-02, the Department of Labor referred to the mandate in a manner that may indicate that no further action to save the amended rule will be taken by the United States. If indeed there is no appeal to the Supreme Court by June 13, 2018, then - game over. ‎Our discussions of how we got to where we are are collected on our Fiduciary Rule Resource Page.

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