In an article published on Feb. 9, 2017 by Investment News, Ed Klees offers insight to the recent decision by the Northern District of Texas to uphold the Department of Labor’s fiduciary rule. The article details that the decision could bolster supporters’ efforts to prevent the Trump administration from overturning the rule, but Klees states that the Trump administration can assert its authority in changing or overhauling the rule. He emphasizes, “There’s nothing stopping the DOL from abandoning the rule full stop. This case will have no impact on it.” For the full article, subscribers may click here.
Kristen M. Chatterton