Second Court Halts New Fiduciary Rule, as DOL Hits Back

News July 29, 2024 at 12:54 PM
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What You Need To Know

  • A second court in Texas has issued a decision to halt the rule's Sept. 23 implementation date.
  • The decision also blocks the amended prohibited transaction exemption (PTE) 84-24 on annuities.
  • The Labor Department could move to appeal one or both of the stays, says an attorney.
Photo illustration of Labor Department with President Joe Biden and Acting Labor Secretary Julie Su