Trump to tell US Labor departmentt to delay fiduciary rule for 180 days -Reuters

According to Reuters, who have seen a draft memo

  • Trump will tell US Labor dept to conduct updated economic and legal analysis of fiduciary rule for brokers offering retirement advice
  • Trump will call for the rescinding of the fiduciary rule if it is found to be inconsistent with his administrations policies

By the looks of things he’s not delving deeply into financial regulations as much as some in the financial world might think. It’s still early days yet though.


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