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."

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access