Erin Sweeney Comments on Potential Implementation Delays for the DOL Fiduciary Rule in Barron's

"New Rule Could Improve Annuities"
06.25.16Erin Sweeney was quoted regarding the response of certain financial industry groups to the U.S. Department of Labor's (DOL's) new fiduciary rule. Several industry organizations have filed lawsuits in an attempt to derail the rule's implementation, set to begin in April 2017. This strategy is similar to that employed by opponents of the Affordable Care Act where multiple lawsuits were filed, creating a multipronged battle in lower courts that needed to be resolved by the Supreme Court, Sweeney said. “The lawsuits may end up delaying implementation, even if the DOL prevails,” she added.
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