Tag: Fifth Circuit
SEC Petitions Supreme Court to Decide Authority of Administrative Law Courts
The Securities and Exchange Commission filed a petition late last week requesting that the Supreme Court review a decision by the Fifth Circuit that...
SCOTUS Appears Sympathetic to SEC Challenges
During more than two hours of oral arguments before the U.S. Supreme Court earlier this week, the majority of justices appeared open to making...
Fifth Circuit Declines Request to Reconsider Constitutionality of SEC In-House Courts
The U.S. Court of Appeals for the Fifth Circuit has declined a request by the U.S. Securities and Exchange Commission to reconsider a panel’s...
Merrill Lynch Reverses Ban on Commission-Based Retirement Accounts
Merrill Lynch, the wealth management arm of Bank of America, is reversing its ban on commission-based products in customer retirement accounts following the death...
DOL Fiduciary Rule Officially Dead
After a six-week delay, the Fifth Circuit Court of Appeals has issued its mandate killing the Department of Labor’s fiduciary rule which attempted to...
Merrill Lynch Reconsiders Commission Ban in Wake of Fiduciary Rule Demise
With the demise of the Department of Labor's fiduciary rule, wirehouse Merrill Lynch may reconsider its 2017 policy of banning commissions in retirement accounts,...
Supreme Court Deadline Passes as DOL’s Fiduciary Rule Remains in Limbo
The June 13th deadline for the Labor Department to petition the Supreme Court to hear its case passed without fanfare on Wednesday, as the...
Industry Groups Urge Fifth Circuit to Dissolve DOL Fiduciary Rule
The American Council of Life Insurers and the National Association of Insurance and Financial Advisors sent a letter to the Fifth Circuit Court of...
Fifth Circuit Denies States’ Second Attempt to Intervene in Fiduciary Rule...
The Fifth Circuit Court of Appeals has denied the second request by the Attorneys General of California, Oregon, and New York to intervene as...
Senate Democrats Want Supreme Court to Weigh in on DOL Fiduciary...
A handful of Senate Democrats sent a letter to Labor Secretary Alexander Acosta urging the Department of Labor to reverse course on its decision...
States Launch Hail Mary Attempt to Save DOL Fiduciary Rule
In a last-ditch effort to save the Department of Labor’s fiduciary rule, the Attorneys General for California, New York and Oregon asked the Fifth...
Fifth Circuit Denies AARP/States’ Fiduciary Rule Intervention Attempt
The Fifth Circuit Court of Appeals has rejected the motions submitted by the AARP and the attorneys general of California, New York and Oregon...
Plaintiffs Urge Fifth Circuit to Reject AARP/States Rehearing Request as Appeal...
The deadline has now passed for the Department of Labor to request a rehearing by the Fifth Circuit Court of Appeals in the case...
AARP and Three Attorneys General Attempt to Save DOL Fiduciary Rule
The AARP, a non-profit advocacy group that represents American retirees, along with the attorneys general of New York, Oregon, and California, filed separate motions...
DOL Halts Fiduciary Rule Enforcement Following Appeals Court Decision
In light of the Fifth Circuit Court of Appeals ruling to vacate the Department of Labor’s fiduciary rule, federal regulators will not enforce the...
Galvin Condemns Fifth Circuit Fiduciary Rule Decision, Urges Appeal
Secretary of the Commonwealth William Galvin, the securities regulator in Massachusetts, has condemned a ruling by the Fifth Circuit U.S. Court of Appeals striking...
Appeals Court Upholds DOL Fiduciary Rule
A federal appeals court ruled in favor of the Department of Labor on Tuesday in the fiduciary rule case filed by Market Synergy Group,...
