D.C. Federal Judge Denies NAFA Preliminary Injunction Against Labor Department Fiduciary Rule

Mealey's (November 8, 2016, 1:07 PM EST) -- WASHINGTON, D.C. — A District of Columbia federal judge on Nov. 4 denied the National Association for Fixed Annuities’ (NAFA) motion for a preliminary injunction against the U.S. Department of Labor’s (DOL) fiduciary rule and granted the DOL’s request for summary judgment, saying that the DOL did not go beyond its statutory authority when it extended the reach of the Employee Retirement Income Security Act to individual retirement accounts (The National Association of Fixed Annuities v. Thomas E. Perez, et al., No. 16-1035, D. D.C.; 2016 U.S. Dist. LEXIS 153214)....