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Will the Texas federal judge's block on the fiduciary rule be overturned by the end of 2024?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Court records, official announcements from the Texas federal court
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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Yes • 50%
No • 50%
Rule Upheld • 50%
Rule Overturned • 50%
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Upheld • 50%
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