• Fiduciary-Rule Review Zeroes In on Industry Costs, Liabilities

    Labor Department’s questions suggest regulation may lose primary enforcement provisions

    The Trump administration in recent days has raised questions about the impact of the fiduciary rule’s compliance costs and legal liabilities, a sign that the rule meant to protect retirement savers from conflicted advice may survive a review without some of its primary enforcement provisions.

    In a legal brief this past week, the Labor Department urged the U.S. District Court for the Northern District of Texas to uphold its February ruling against business groups seeking to quash the fiduciary rule, but the agency said it...

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