A softening was expected from the Trump Administration.
No, not of the stool kind, but of the regulation kind—though some in the financial industries long considered mandates from Dodd-Frank legislation and the proposed fiduciary rule as, well, B.S.
Earlier this year, the Department of Labor delayed the fiduciary rule until June 9—legislation that would have required investment managers to act in their customers’ best interests, and to disclose conflicts of interest in commission-based fee structures.
Fiduciary Rule opponents be like...