Fiduciary-rule challenge rejected by US judge

US District Judge Daniel Crabtree has denied a preliminary injunction to prevent the Labor Department from enforcing its fiduciary rule. Market Synergy Group, which develops fixed-indexed annuities and other insurance products, failed to show that the Labor Department had exceeded authority or had treated fixed-indexed annuities capriciously, the judge says.

InvestmentNews (11/28),  ThinkAdvisor (11/28)