Court Kills Obama Oversight Of Retirees’ Savings Plans
The Fifth Circuit Court of Appeals killed an Obama-era regulation mandating federal oversight of the relationship between retirement account advisers and their clients. The court voted 2-1 March 15 to throw out the Department of Labor’s Fiduciary Rule, ruling the regulation was “an arbitrary and capricious exercise of administrative power.” The case could possibly go on…
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Sure is empty down here...