Tenth Circuit Upholds Exclusion of Fixed Indexed Annuities from PTE 84-24 | Practical Law
In Market Synergy Group, Inc. v. U.S. Department of Labor, the US Court of Appeals for the Tenth Circuit upheld the Department of Labor's (DOL) decision to exclude fixed indexed annuities from prohibited transaction exemption (PTE) 84-24 and place them in the Best Interest Contract Exemption (BICE).