Financial regulations have been in Trump’s cross hairs this week
The Don is set to sign an executive order today to take apart some of the financial regulations put in place during and after the financial crisis. Rolling back regulations was one of his campaign pledges during the election.
Of regulations he recently said:
“Dodd-Frank is a disaster, we’re going to be doing a big number on Dodd-Frank”
One of the rules he’s hoping to scrap is for professionals offering retirement advice. He want to remove a condition where they are ordered to act in the best interests of their clients. That’s something that will leave the system open to abuse.