Faculty Publications

Title

Trump Signs Memorandum Shelving Fiduciary Standard For Financial Advisors

Document Type

Article

Publication Date

2-3-2017

Abstract

At about 1:30 p.m. Eastern time on Friday, February 3, 2017, President Donald Trump signed a memorandum to roll back the Department of Labor’s fiduciary rule by asking the DOL to review the rule again and likely to delay its April 10th implementation (although at the time of this article a delay has not yet occurred but it is likely coming). Why does this matter?