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Second Court Halts New Fiduciary Rule, as DOL Hits Back
News July 29, 2024 at 12:54 PM
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What You Need To Know
- A second court in Texas has issued a decision to halt the rule's Sept. 23 implementation date.
- The decision also blocks the amended prohibited transaction exemption (PTE) 84-24 on annuities.
- The Labor Department could move to appeal one or both of the stays, says an attorney.
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