On behalf of Finseca, NAILBA is thrilled to share the news of their preliminary victory in their litigation opposing the Department of Labor’s Fiduciary Rule, also known as their fight against “commissions are junk fees.” NAILBA has successfully been granted a stay.

NAILBA’s orchestration of the largest independent distribution coalition to date, their contribution of $600,000 to this effort, and their very active survey process produced tangible data that helped inform the judge’s ruling, showcasing the power of unity.

A win like this is only possible with a unified voice. With 10,000 members and counting, the more members of the brokerage community who join Finseca, the greater their influence, strength, and impact in Washington, D.C., and across the country.

That’s why NAILBA would like you to join them on Thursday, August 1, at 3 p.m. ET for a Discussion Forum with Armstrong Robinson, Finseca’s Chief Advocacy Officer, and Brad Campbell, Partner at Faegre Drinker Biddle & Reath LLP. They will update and explain the current situation and the next steps of the stay that independent distribution should know.

While this result is preliminary, it is incredibly important and provides a pathway to future success. NAILBA knows tax is next and they stand ready to fight for financial security for all.