Chief Judge Barbara M.G. Lynn denied the financial trade association plaintiffs' motion for an injunction to stop the regulation.
During confirmation hearing, he talks mostly about overtime and minimum wage issues, although he's noncommital about his positions on those matters.
Questioned by Sen. Warren about the regulation, Alexander Acosta said, if confirmed, he will carry out executive orders from 'my boss.'
A truncated comment period for a proposed delay to the Labor Department's fiduciary rule came to a close on Friday with a letter from 40 House Democrats denouncing the stall.
Firms look to retirement advisers to be experts on the law, and even sometimes on their investments
Firms are moving forward with changes because it makes sense for advisers and their clients.
UPDATE: Can investors trust a robot to work in their best interest?
UPDATE: Trump's last-second swipe at an Obama retirement rule
They face the challenge of asking for the order from the same judge who ruled against every claim in their lawsuit.