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President Trump Orders Review of DOL Fiduciary Rule and Addresses Financial Industry in Latest Actions
Jackson Lewis P.C. Link to more items from this source
Feb. 6, 2017
"The Memorandum comes on the heels of increasingly vocal opposition to the rule from Congressional Republicans.... Employers should keep in mind that this action in no way lessens their fiduciary responsibilities ... While proffered as an effort to remove an unnecessary burden on the financial services industry, it is unclear how much of an effect any delay, revision or rescission of the rule will have. Many financial firms have already spent significant resources on complying with the rule, including revamping products and business models, and are likely to continue on this course."

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