(September 8, 2016, 9:13 AM EDT) -- DALLAS — Two organizations filed amicus curiae briefs in Texas federal court in August supporting the U.S. Department of Labor’s (DOL) fiduciary rule and opposing efforts to stop it from taking effect (Chamber of Commerce of the United States of America, et al. v. Thomas E. Perez, Secretary of Labor, et al., No. 3:16-cv-1476, N.D. Texas).

The finalized rule, scheduled to become operational in April 2017, seeks to mitigate conflicts of interest in the rendering of investment advice regarding employee benefit plans and individual retirement accounts...