Fiduciary advocates fortified the case for the regulation on the eve of President-elect Trump's inauguration, a signal that they are prepared for a prolonged fight over the rule's fate.

The future of the Department of Labor's regulation, which begins implementation April 10, is somewhat uncertain. Several groups, including the U.S. Chamber of Commerce and SIFMA, filed a lawsuit in federal court in Texas that seeks to overturn the rule. A judge is expected to make a decision in the case soon.

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