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Trump Administration Gets Sued Over Fiduciary Rule


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Trump Administration Gets Sued Over Fiduciary Rule

(Washington)

Trump's handling of the fiduciary rule may have landed his administration in hot water. The White House is being targeted by a newly formed watch dog group set up to expose unethical conduct within the Trump administration. The watchdog filed a lawsuit in federal court against the DOL. The lawsuit requests all the DOL's records related to its rollback of the fiduciary rule. The group, American Oversight, is also upset about the rollback of the overtime rule. The watchdog says ""The Department of Labor's attempts to roll back the overtime and fiduciary rules are yet additional examples of how the Trump administration has sided with well-connected businesses over the working Americans whose interests the president claims to represent".

FINSUM : A formal legal challenge to the 18-month delay and possible elimination of the fiduciary rule was inevitable. Now it has arrived.

  • Trump
  • DoL
  • fiduciary rule
  • lawsuit

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Wealth Management


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