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FACC v. DOL Brief July 15, 2022

FACC v. DOL Brief July 15, 2022 This lawsuit presents the question of whether the DOL will be permitted to make an end run around a judgment rendered by the United States Court of Appeals for the Fifth Circuit. Through a strained reinterpretation of a long-standing regulation, the DOL has

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FACC Letter Regarding May Lawsuit (May 2022)

Dear Friends, We wish to keep friends and colleagues advised of developments in our case as we had with our letter back in February – in which we explained the timing and rationale for our action against the U.S. Department of Labor – challenging its reinterpretation of the five-part test and withdrawal of the Deseret Letter all of which improperly expands the reach of ERISA and fiduciary requirements.

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FACC Lawsuit Talking Points

We hope the letter provides industry colleagues with some insights about our legal action which we see as a critical component of industry efforts addressing DOL developments. The letter – among other things – addresses certain misconceptions we have heard from time to time about our action. We hope you

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FACC Supports Temporary Enforcement Policy Extension

FACC submits letter to DOL reinforcing its support for the request being made by financial services industry trade organizations that the Department of Labor (DOL) extend the temporary enforcement policy as provided for in Field Assistance Bulletin (FAB) 2018-02 which is presently scheduled to expire on December 20, 2021. FACC

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White House Letter

Dear President Trump:
I am writing because I am deeply concerned about the Department of Labor investment advice rule also known as the “fiduciary rule.”  I understand the rule proposal could be issued by DOL at any time and I believe it must be stopped and reconsidered. 

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Senator Moran Letter to DOL

The Honorable Eugene Scalia
Secretary of Labor
Washington, D.C. 20210

The Honorable Jeanne Klinefelter Wilson
Acting Assistant Secretary of Labor

Dear Mr. Secretary and Ms. Wilson:

I write regarding the “Improving Investment Advice for Workers and Retirees” proposal recently issued by the Department of Labor.

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