Is the Fiduciary Rule Dead?
The fiduciary rule may still be enforceable because of the Labor Department’s failure to act.
Gregory F. Jacob is a partner at O’Melveny & Myers LLP. Prior to rejoining O'Melveny in 2012, he served in several high-profile positions in the federal government, including at the White House, Department of Justice, and Department of Labor. Most recently, he served as Solicitor of Labor.
The fiduciary rule may still be enforceable because of the Labor Department’s failure to act.