MutualFundWire.com: The Fiduciary Reg is Dead... For Now
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Friday, February 3, 2017|
The Fiduciary Reg is Dead... For Now
As planned, U.S. President Donald Trump issued an executive order delaying the DoL fiduciary regulation for 180 days.
Representative Ann Wagner (R-Missouri), chairman of the Oversight and Investigations Subcommittee, was in attendance as the president signed the executive order, and released a statement applauding the decision. Wagner says that she's committed to working towards a permanent repeal of the reg. According to the St. Louis Post-Dispatch, Trump is ordering the DoL to do an economic and legal analysis and then roll back the reg if it doesn't align with Trump administration policy.
| Ann Wagner|
Our sister publication 401kWire also reported on the story.
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