Trump Wants to Kill the Fiduciary Rule. Here’s Why That’s a Big Deal for Retirement Savers
From the Time website
Watch out, retirement savers. President Donald Trump has put the wheels in motion to halt the Department of Labor’s rule requiring financial advisors to act in your best interest.
President Trump signed an executive order on Friday directing the Department of Labor to review and potentially rescind a new regulation known as the “fiduciary rule,” planned to go into effect on April 10, 2017. Earlier, a White House official told TIME that “we want them to cease the implementation of this and completely review the fiduciary rule.”
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