Circuit court of appeals has issued a final mandate certifying its mid march decision in a case that has now successfully derailed the department of labor s dol long running effort to expand the definition of fiduciary advice under the employee retirement income security act erisa. Court of appeals for the 5th circuit s decision to vacate labor s fiduciary rule. Department of labor s dol fiduciary rule including the best interest contract bic exemption and other related exemptions should be vacated in toto.
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