Under the five-part test, people are investment advice fiduciaries under the Employee Retirement Income Security Act if they regularly provide individualized investment advice or recommendations to a ...
Wage and Hour Division (“WHD”) issued a Notice of Proposed Rulemaking (“2026 Proposed Rule”) that would again revise the standard used to determine whether a worker is properly classified as an ...
The DOL proposed a new rule to simplify independent contractor classification, reverting to a framework similar to the 2021 rule.
On February 26, 2026, the U.S. Department of Labor (DOL) released a proposed rule to rescind and replace the 2024 worker‑classification ...
The Department of Labor has proposed replacing its 2024 independent contractor rule with a revised version of its 2021 rule, incorporating a few alterations—a move supported by numerous finance ...
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