The Appeals Court decision to vacate the Fiduciary rule will likely result in a continued legal battle, although, it does put the future of the fiduciary rule in jeopardy.
New York, NY (PRWEB) March 20, 2018
Adam Bergman– IRA Financial Group Partner – Authors Forbes article on the impact of the Fifth Circuit Court of Appeals ruling to vacated the Department of Labor’s (DOL) fiduciary rule. The article is titled, "Impact On IRAs From Appeals Court Striking Down Department Of Labor's Fiduciary Rule.”
The article highlights the Fifth Circuit Court of Appeals ruling on the DOL’s jurisdiction to authorize the fiduciary rule on IRAs. The Appeals Court held that the DOL exceeded its statutory authority under retirement law — the Employee Retirement Income Security Act (ERISA) — in promulgating the measure. “The Appeals Court decision to vacate the Fiduciary rule will likely result in a continued legal battle, although, it does put the future of the fiduciary rule in jeopardy,” stated Adam Bergman.
According to Mr. Bergman, the Appeals court was clear that in order to expand the scope of DOL regulation in vast and novel ways is valid only if it is authorized by ERISA. The Appeals court relied on conventional standards of statutory interpretation and authoritative Supreme Court decisions to decide whether the statute was sufficiently broad to include the Fiduciary Rule. The appeals court concluded that the DOL did not have the authority to extend the application of the Fiduciary rule to IRAs.
IRA Financial Group is the market's leading provider of self-directed IRA retirement plans. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate without custodian consent.
The IRA Financial Trust Company, a self-directed IRA custodian, was founded by Adam Bergman, a partner with the IRA Financial Group. Mr. Bergman is a leading expert on the taxation of retirement funds and has authored multiples articles on how to use a self-directed IRA to buy cryptocurrencies.
Adam Bergman, IRA Financial Group partner, has written seven books the topic of self-directed retirement plans, including, “How to use Retirement Funds to Purchase Cryptocurrencies, “The Checkbook IRA”, “Going Solo,” Turning Retirement Funds into Start-Up Dreams, Solo 401(k) Plan in a Nutshell, Self-Directed IRA in a Nutshell, and in God We Trust in Roth We Prosper.
To learn more about the IRA Financial Group please visit our website at http://www.irafinancialgroup.com or call 800-472-0646.