As NAIFA leaders, you may have heard that two organizations have filed lawsuits against the U.S. Department of Labor concerning DOL’s interpretation of who is required to act as a fiduciary. NAIFA is not a party to either of these suits. We are aware some NAIFA chapters and leaders have been contacted by the media and others about the lawsuits and may be unsure of NAIFA’s position.
NAIFA’s response at this time is: NAIFA is not a party to these lawsuits, so we wouldn’t want to speculate about them. We are, of course, aware of the issue and will continue to represent our members and the Main Street consumers they serve.
Please contact NAIFA's Home Office if you have questions.