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Primary reason cited if the fiduciary rule is revised by the end of 2024
2
Resolution / Starting Odds
Legal challenges • 25%
Political pressure • 25%
Economic impact • 25%
Public opinion • 25%
Official announcements, news reports
Story
Texas Judge Blocks Latest Version of Labor Department's Fiduciary Rule
Jul 26, 2024, 04:52 PM
A Texas federal judge has granted a request by an insurance industry trade association to temporarily block the latest version of a US Labor Department rule that classifies more retirement advice providers as fiduciaries. The judge found that the rule was arbitrary and conflicted with a law that governs retirement plans. The decision has been welcomed by critics of the rule, including Rep. Ann Wagner, who described the rule as rushed, irresponsible, and harmful for retail investors.
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Investor Protection • 25%
Market Stability • 25%
Fraud Prevention • 25%
Other • 25%
Industry feedback • 25%
Market stability concerns • 25%
Political pressure • 25%
Other reasons • 25%
Constitutionality • 25%
Economic Impact • 25%
Jurisdictional Overreach • 25%
Other • 25%
Ethics Concerns • 25%
Economic Impact • 25%
Insufficient Support • 25%
Other Reason • 25%
First Amendment concerns • 25%
State's rights • 25%
Public safety • 25%
Other legal grounds • 25%
Increased costs for consumers • 25%
Stifling innovation • 25%
Complexity of compliance • 25%
Other • 25%
Increased lobbying • 25%
Legal challenges • 25%
Compliance adjustments • 25%
No significant response • 25%
Ethical concerns • 25%
Economic impact • 25%
Constituent pressure • 25%
Political strategy • 25%
Legal pressure • 25%
Market conditions • 25%
Regulatory changes • 25%
Public opinion • 25%
Overreach of executive authority • 25%
Violation of federal law • 25%
Procedural issues • 25%
Other reasons • 25%
Cryptocurrency Regulation • 25%
Environmental, Social, and Governance (ESG) Policies • 25%
Market Structure Reforms • 25%
Other • 25%
Animal welfare concerns • 25%
Legal procedural issues • 25%
Lack of evidence • 25%
Other reasons • 25%