07 Feb '17 16:00>1 edit
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.
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.