Mideast Peace May Be Easier To Achieve Than Fiduciary Rule Rollback
Another stupid law gets in the way of MAGA.
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Morning Docket: 02.02.17
* Punxsutawney Phil saw his shadow, and with the current Court make up, this is the last penumbra we're going to see for awhile. [USA Today] * Norton Rose Fulbright in merger talks with Chadbourne & Parke. [New York Law Journal] * Chief Justice Roberts compared himself to an umpire. Judge Gorsuch compared himself to a replay booth official. The football analogy works, since Gorsuch is going to be one of those scab refs from the 2012 NFL lockout while Garland sits at home. [Law.com] * Keeping with the football news, former NFL cheerleaders have filed a class action alleging a conspiracy to suppress their wages, which, if true, is easily the sixth or seventh most repulsive thing Roger Goodell does on a daily basis. [ABC News] * In a letter to the state Supreme Court, 20 law school deans asked California to lower its draconian bar passage threshold. Because it's ridiculous. [The Recorder] * Trump is reportedly going to direct the Labor Department to delay implementation of the Fiduciary Rule, surprising no one. [Think Advisor] * Here's a roundup of Judge Gorsuch's wittiest dissents. [Law360]
DOL Fiduciary Rule Requires Caution By Attorneys
It's unclear if the bulk of advisors will be willing to take the legal risk of doing what’s right for their client.
Dep’t Of Labor’s Fiduciary Rule Is Wealth Management’s Burning Platform
Investment managers could be forgiven for thinking they have fallen into Charles Dicken’s A Tale Of Two Cities.