California, New York, Oregon Haven’t Given Up on Fiduciary Rule

California, New York, and Oregon aren’t giving up on their quest to save an Obama-era rule that would require investment advisers to put the interests of retirement savers above their own.

The states’ attorneys general May 16 asked the U.S. Court of Appeals for the Fifth Circuit to reconsider an earlier ruling that denied their request to intervene in the case and defend the Labor Department’s fiduciary rule, which was struck down in its entirety in March.

The states’ request comes after the DOL let pass the deadline to seek review of the decision that vacated the fiduciary rule. In ...