A federal appeals court has rejected an annuities trade group's request to postpone the implementation deadline for Department of Labor's fiduciary rule, the latest legal setback for opponents of the controversial regulation.
A three-judge panel at the U.S. Court of Appeals for the D.C. Circuit denied the National Association for Fixed Annuities' emergency motion to delay the rule, concluding that the group "has not satisfied the stringent requirements for an injunction pending appeal."
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