The "fiduciary" rule, issued by the Biden-era Department of Labor, has died in court for the second time. The rule, which sought to increase investment-advice protections for retirement savers, could potentially lead to unwary retirement investors receiving unsuitable investment advice and confusion about the legal obligations financial intermediaries owe to retail investors. The rules, which were challenged by financial groups, aimed to address conflicts of interest among brokers, advisors, insurance agents, and others by creating a higher legal bar for their advice to retirement investors. However, these rules were ultimately withdrawn after the Trump administration declined to defend them due to losses in court battles with financial companies. Experts believe that retirement advice rollovers are becoming increasingly popular as baby boomers enter their retirement years.