10th Circuit Upholds Judgment For DOL In Challenge Of Fiduciary Rule

Mealey's (March 14, 2018, 12:50 PM EDT) -- DENVER — The 10th Circuit U.S. Court of Appeals on March 13 upheld a summary judgment ruling for the U.S. Department of Labor (DOL) in a case brought by a licensed insurance agency seeking to stop the DOL’s fiduciary rule that sought to mitigate conflicts of interest in the rendering of investment advice regarding employee benefit plans and individual retirement accounts (IRAs) (Market Synergy Group, Inc. v. United States Department of Labor, et al., No. 17-3038, 10th Cir., 2018 U.S. App. LEXIS 6209)....