Tax & Benefits Attorney Weighs in on DOL Rule Litigation and FAB Guidance
On Wednesday, May 2, the Fifth Circuit Court of Appeals ruling denying the last-minute motions from the AARP and three state attorneys general to save the Department of Labor’s fiduciary rule. Tax & benefits partner Josh Lichtenstein was widely quoted on this, subsequent developments in the litigation and the ensuing the field assistance bulletin issued by the Labor Department on May 7 providing interim guidance on the rule. Mr. Lichtenstein’s comments were featured in the following articles:
- PLANADVISER – “ERISA Attorneys Help Digest DOL’s ‘Confusing’ Fiduciary Rule FAB 2018-02” (May 10, 2018)
- FundFire – “DOL Clarifies Enforcement Stance After Fiduciary Rule Struck Down” (May 9, 2018)
- Fund Action – “DOL field guidance clears some fiduciary smog” (May 8, 2018)
- Ignites – “DOL Rule Technically Dead, Desire to Redefine 'Advice' Not: Lawyer” (May 8, 2018)
- Compliance Week – “Labor Dept. maintains scaled-back enforcement while fiduciary rule in limbo” (May 7, 2018)
- InvestmentNews – “Court Ruling Aside, For Now DOL Will Rely on Fiduciary Rule to Govern Investment Advice” (May 7, 2018)
- Law360 – “DOL Declines to Scrap Fiduciary Rule Despite Invalidation” (May 7, 2018)
- Fund Action – “Court Deals DOL Fiduciary Rule Another Blow” (May 3, 2018)
- Financial Advisor IQ – “Fifth Circuit Rejects Attempts to Save Fiduciary Rule” (May 3, 2018)
- Law360 – “5th Circ. Won't Rethink Invalidation of DOL Fiduciary Rule” (May 2, 2018)