Trump Signs Memorandum Shelving Fiduciary Standard For Financial Advisors
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?
Hopkins, Jamie Patrick, "Trump Signs Memorandum Shelving Fiduciary Standard For Financial Advisors" (2017). Faculty Publications. 714.