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Dodd-Frank Repeal Battle Parallels Fiduciary Fight

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Many in the retirement plan advisory industry are closely watching the Trump administration’s effort to repeal the Department of Labor’s (DOL) fiduciary rule, but the wider financial services community is clearly focused on the related effort to attack the Dodd-Frank reforms.

A quick refresher: The Dodd-Frank Wall Street Reform and Consumer Protection Act was enacted on July 21, 2010, and it was expected to at least peripherally impact the standard of conduct of those financial advisers who provide their services as registered representatives of broker/dealers.