By Leonard Sciolla, LLP | Published April 4, 2018 | Posted in news | Tagged Tags: Department of Labor, fiduciary rule, investments, Keith Leonard | Comments Off on Appellate Court Overturns Department of Labor Rule
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Appellate Court Overturns Department of Labor Rule
A federal appellate court vacated the so-called “fiduciary rule” adopted in 2016 by the Department of Labor. The United States Court of Appeals for the Fifth Circuit determined that the Department of Labor exceeded its authority by issuing the rule, which essentially required financial professionals to put their clients’ needs in front of their own. Read More
Read MoreAny Changes to DOL Overtime Regulations Remain Up in the Air
The Department of Labor battled it out in federal court over overtime pay regulations that were supposed to go into effect in December 2016. Attorney Keith Leonard explains how the regulations were stalled nationwide before they took effect after a ruling in Texas federal court in his ACtion Magazine column. The full column, including the steps Read More
Read MoreExpert Assistance Complying with new Department of Labor Regulations
The Department of Labor issued new rules in May that update the Federal Fair Labor Standards Act, the law which guarantees a minimum wage and overtime pay for executive, administrative, professional, outside sales, and computer employees. The new regulations, which will go into effect on December 1, 2016, increase the salary threshold indicating eligibility for Read More
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