Illustrating the maxim about the making of laws and sausages, the U. Department of Labor (DOL) has finally “implemented” its new fiduciary rule -- but is effectively holding it in a state of suspended animation.
While the law is ostensibly on the books, it will not be enforced until January 2018, and could be repealed before it ever goes into full effect.
The trial court granted the defendants summary judgment, holding that FH Partners didn’t own the loan and so it couldn’t enforce it.
On appeal, the Missouri Court of Appeals, Western District agreed.
It took a little time for users to find out about it, and it has proven to be quite useful.
A new feature is currently rolling out that Facebook page owners might love; a backdate feature that lets you post at a date in the past.
Pursuant to this authority, the DOL recently issued a new rule defining who is a “fiduciary” of an IRA or ERISA plan, presenting a substantial change from standards governing sales of securities and other financial products that have existed for more than 40 years.
Here’s a simplified timeline: FH Partners made a demand on the debtor for payment of the loan and eventually sued the debtor and guarantors.After selecting the year, a drop-down for month appears.Selecting the month will make the day selector appear.Facebook already allowed users to schedule posts, but it has now introduced something that does the exact opposite. Compose your post and click the arrow next to the Post button.It will give you three options; schedule post, backdate post, and save draft (this too is new). You can post as far back as 1970 (long before Facebook was ever created or Mark Zukerberg was even born).