https://www.washingtonpost.com/blogs/plum-line/wp/2017/02/06/donald-trump-a-populist-what-a-joke/?utm_term=.40846dbaef96
On Friday Trump signed another executive order instructing the Department of Labor to prepare the ground to rescind the “fiduciary rule,” a regulation the Obama administration wrote last year. It requires financial advisers to act in their client’s best interests, just like doctors or lawyers are required to.
The need for it came about because often those advisers push their clients to buy products that are bad for them but that bring the advisers higher commissions.
Originally posted by vivifyThey defend it by watching FOX news a parroting back whatever Bill Orally says!
https://www.washingtonpost.com/blogs/plum-line/wp/2017/02/06/donald-trump-a-populist-what-a-joke/?utm_term=.40846dbaef96
On Friday Trump signed another executive order instructing the Department of Labor to prepare the ground to rescind the “fiduciary rule,” a regulation the Obama administration wrote last year. It requires financial advisers to act in th ...[text shortened]... ir clients to buy products that are bad for them but that bring the advisers higher commissions.
Originally posted by vivifyExcellent work, Hardy Boy!
https://www.washingtonpost.com/blogs/plum-line/wp/2017/02/06/donald-trump-a-populist-what-a-joke/?utm_term=.40846dbaef96
On Friday Trump signed another executive order instructing the Department of Labor to prepare the ground to rescind the “fiduciary rule,” a regulation the Obama administration wrote last year. It requires financial advisers to act in th ...[text shortened]... ir clients to buy products that are bad for them but that bring the advisers higher commissions.
However, on February 3, 2017, President Trump signed an executive order delaying the rule's implementation by 180 days. This action includes instructions for the DOL to carry out an “economic and legal analysis” on the rule's potential impact.
Pesky fine print, right?
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Originally posted by FreakyKBHSo Trump is now delaying the implementation of a rule designed to make investors act in their clients best interest, rather than eliminating it ouright. Trump is still hindering it from taking effect.
Excellent work, Hardy Boy!However, on February 3, 2017, President Trump signed an executive order delaying the rule's implementation by 180 days. This action includes instructions for the DOL to carry out an “economic and legal analysis” on the rule's potential impact.
Pesky fine print, right?
And you do know it still doesn't mean he won't repeal it right? Trump also delayed repealing Obamacare...does this mean Trump now wants to keep it?
That was so easy, it's sad.
Originally posted by vivifyBuyer beware.
https://www.washingtonpost.com/blogs/plum-line/wp/2017/02/06/donald-trump-a-populist-what-a-joke/?utm_term=.40846dbaef96
On Friday Trump signed another executive order instructing the Department of Labor to prepare the ground to rescind the “fiduciary rule,” a regulation the Obama administration wrote last year. It requires financial advisers to act in th ...[text shortened]... ir clients to buy products that are bad for them but that bring the advisers higher commissions.
Originally posted by vivifyI'm not his fan-boy; merely a citizen who wishes to see the government returned to the governed.
So Trump is now delaying the implementation of a rule designed to make investors act in their clients best interest, rather than eliminating it ouright. Trump is still hindering it from taking effect.
And you do know it still doesn't mean he won't repeal it right? Trump also delayed repealing Obamacare...does this mean Trump now wants to keep it?
That was so easy, it's sad.
Is Trump the guy for that?
No.
He does, however, offer tremendous potential with respect to at least gaining some momentum in stopping the juggernaut corruption that the sow has become.
His EO for delay is with the caveat to consider all aspects of the bill--- legally and financially--- prior to implementation.
If it turns out a huge win-win for everyone, you'll likely see it implemented.
If it's good for one but crap for another--- and that 'another' has a legitimate right to expect protection--- you'll see it scrapped.
Here's what I think they should do with insurance.
Whatever they enjoy in Congress, we all get.
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Originally posted by FreakyKBHReturned to the governed?
I'm not his fan-boy; merely a citizen who wishes to see the government returned to the governed.
Is Trump the guy for that?
No.
He does, however, offer tremendous potential with respect to at least gaining some momentum in stopping the juggernaut corruption that the sow has become.
His EO for delay is with the caveat to consider all aspects of the bi ...[text shortened]... what I think they should do with insurance.
[b]Whatever they enjoy in Congress, we all get.[/b]
What does that even mean?
I'm guessing you would have been a HUGE cheerleader for Herbert Hoover, too.
Right after he blew out all the pesky financial regulations... and right before the Great Depression.
Is that what you all mean when you say "Make America Great Again"?
As in the "Great" Depression?