"Under a 1974 law called Erisa, workplace retirement plans including 401(k)s must be operated in the best
interest of individual savers. First proposed during the Obama administration,
the fiduciary rule sought to
apply Erisa’s high standards to rollover recommendations from 401(k)s to IRAs."
"First it was on. Then it was off. Then it was on. Now it is off again.
Few federal policies have zigzagged quite like the Labor Department’s fiduciary rule,
which a federal court in Texas struck down on Tuesday."
"The burden now goes back to the consumer to understand the potential conflicts of interest
advisers face and the degree to which they must act in a customer’s best interest, said Reish."
https://www.msn.com/en-us/politics/government/america-s-most-tortured-retirement-regulation-is-struck-down-again/ar-AA1YR7yV
