Donald Trump Plans to Undo Dodd-Frank Law, Fiduciary Rule – WSJ

President Donald Trump on Friday plans to sign an executive action to scale back the 2010 Dodd-Frank financial-overhaul law, in a sweeping plan to dismantle much of the regulatory system put in place after the financial crisis.

Source: Donald Trump Plans to Undo Dodd-Frank Law, Fiduciary Rule – WSJ

Will somebody be kind enough to explain why the fiduciary rule is a bad thing? ¬†According to the WJS “Mr. Trump will use a memorandum to ask the labor secretary to consider rescinding a rule set to go into effect in April that orders retirement advisers, overseeing about $3 trillion in assets, to act in the best interest of their clients, Mr. Cohn said in the White House interview. He said the rule limits consumer choice.”

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