Published on June 3, 2016 | by LawNews
Prof. Ronald Colombo Comments in Law360 Story on Industry Groups’ Lawsuit Challenging US Department of Labor’s Fiduciary Rule
DOL Fiduciary Rule Challengers Leave Nothing To Chance
By Carmen Germaine
June 2, 2016
Colombo also noted that while the suit includes claims that the rule will harm both broker-dealers and investors, the actual legal allegations will have less to do with the impact of the rule and more with whether the DOL followed the Administrative Procedure Act to the letter.
“Whether this rule is wise, whether it will help or hurt investors in this economy, that’s actually not going to be on any judge’s plate,” he said.
Read the full article at law360.com (subscription required).