What're the Chances a Lawsuit Can Stop the Fiduciary Rule?
June 14, 2016
Earlier this month Sifma and a consortium of plaintiffs brought suit in federal court to block the Department of Labor's new fiduciary rule. The suit claims the DOL has no right to regulate the space. Now more suits, one led by the National Association for Fixed Annuities and another by the American Council of Life Insurers, have also been filed. But what are the chances any of these suits will be successful?
|A good chance: At least one of the suits has sound arguments that are likely to stop the DOL in its tracks.|
|It's 50/50 that one of these lawsuits can win.|
|No chance: The suits have no merits. They're just posturing.|