Feb 3, 2017. Trump will also sign a presidential memorandum Friday that instructs the Labor Department to delay implementing the so-called "fiduciary rule" – an Obama-era rule that requires financial professionals who charge commissions to put their clients' best interests first when giving advice on retirement.
Industry analysts and consumer groups agreed it could be the first of multiple delays as the department begins a comprehensive review of the Obama-era regulation. in the financial services industry say the rule would limit the.
The new president also signed a memorandum instructing the Labor Department to delay an Obama-era rule that requires financial. In his other action Friday, Trump’s presidential memorandum on financial advisers delayed.
Jan 8, 2017. A new poll by Military Times and Syracuse University's Institute for Veterans and Military Families reveals a complex relationship between the troops and their commander in chief.
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. an executive order directing the Department of Labor to review the fiduciary rule – an Obama-era construct set to take effect in April 2017 that required investment professionals to act in the best interests of their clients. The fiduciary rule mostly stood to affect investment professionals (think financial advisors and brokers),
Feb 3, 2017. The second of the executive actions is a memorandum that will delay the implementation of the fiduciary rule, which would require financial advisers to act in the “best interests” of their clients in handling retirement accounts, and not profits. The Obama-era rule was set for implementation early this year.
Jul 5, 2017. are allowed to release into public waterways, and a Labor Department regulation mandating that financial advisers put customers' interests above their own. A federal appeals court ruled in July 3, 2017 that the Environmental Protection Agency cannot suspend an Obama-era rule to restrict methane.
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Uncertainty is the byword for investors dealing with the fallout from last year’s political surprises. When considering how long the ageing bull market will last.
with an eye toward eliminating what his advisers say are burdensome rules on financial services firms and consumers. He’ll also force the delay of an Obama-era rule that required retirement advisers to act in their clients’ best interests.
Aug 11, 2017. The Interior Dept announced that the Consolidated Federal Oil and Gas and Federal and Indian Coal Valuation Reform Rule (Valuation Rule) would be repealed.
A controversial Obama-era rule for retirement advisers, delayed by a review ordered by President Donald Trump because of strong Republican and financial industry opposition, will partially take effect next month, Labor Secretary.
Financial advisers get a reprieve from. put into place under President Bill Clinton. In his first 100 days, Trump, working with Republicans in Congress, has used the law to kill more than a dozen Obama regulations, many of which.
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Axelrod and Emanuel are the two advisers Obama probably relies on the most. the administration and called for extension of all Bush-era tax cuts. Also, the assistant Treasury secretary for financial stability who helped oversee.
Jun 8, 2017. Two Republicans introduced legislation to undo the Labor Department's conflict- of-interest rule for financial advisers, which goes into effe.
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Nov 1, 2017. A week after a federal court in Texas struck down an Obama-era rule that would have expanded overtime pay eligibility, the Justice Department formally ended attempts to expand the Federal Overtime Rule. The DOL recently announced plans to repeal this decision.
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. back targets a rule that requires financial advisers who oversee more $3 trillion in assets to act in the best interest of their clients. On Thursday, the Senate voted to repeal a rule preventing coal companies from dumping mining waste.