Biden 401(k) Fiduciary Rule Angers Precursor’s Wall Street Foes

Biden 401(k) Fiduciary Rule Angers Precursor’s Wall Street Foes

November 2, 2023, Bloomberg Law

Jason Levy’s commentary was included in a Bloomberg Law article discussing a new Department of Labor (DOL) regulation that will broaden the kinds of retirement advice subject to the strictest fiduciary standards of care under trust law and federal benefits statutes. Jason comments on the controversy surrounding the new rule.

“Once finalized, the rule is almost certain to trigger lawsuits, just like earlier iterations,” Jason said.