Nemo> Didn't trump just EO that carp?? We choose now where our monies go!!
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I can't find where . . . I wish he had (or would).
In the meantime, I did find this :
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Trump, The Fiduciary Rule And Your IRA
http://www.forbes.com/sites/greatspeculations/2017/02/03/trump-the-fiduciary-rule-and-your-ira/#409b301aaa5c
On February 3, 2017, President Trump announced that he will use a memorandum to ask the labor secretary to consider rescinding a rule, better known as the fiduciary rules, set to go into effect in April 2017 that orders retirement advisers, overseeing about $3 trillion in assets, to act in the best interest of their clients.
The fiduciary rule, rolled out by the Obama administration, took many years to develop. The fiduciary rule aimed to protect retirement savers from bad advice and keep more money in their pockets. It also sought to indirectly change the way the industry structures its products and advisor compensation policies.
. . . .
According to The industry's top lobby group, the Securities Industry and Financial Markets Association estimated the fiduciary rule would cost firms $5 billion to implement and another $1.1 billion annually to maintain.
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Entire article is at the link.
Looks to me like another instance of obonzo thinking
'I know best' and decreeing more governmental regulation
costing folks Billions more in hopes of 'saving' a few.
Zim.
Mad Poet Strikes Again.
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