Legal Update: Effective Date of DOL’s Retirement Security Rule Put On Hold

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On July 25, 2024, a federal U.S. District Court in Texas stayed the effective date of the Department of Labor’s (DOL) final retirement security rule and certain amendments to class prohibited transaction exemptions (PTEs) until further order of the court. The final rule and PTE amendments were generally scheduled to take effect on Sept. 23, 2024.

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