from the Washington Post
President Trump plans to order a rollback Friday of regulations governing the financial services industry and Wall Street under the Dodd-Frank law and beyond.
Gary Cohn, White House Economic Council director, told the Wall Street Journal the administration would also move against a regulation designed to force retirement advisers to work in the best interest of their clients, the “fiduciary rule,” set to take effect in April and designed to eliminate conflicts-of-interests among professionals dealing with those enrolled in qualified retirement plans and IRAs.
In an interview with the Journal, Cohn, a former president of Goldman Sachs, said the order was a “table setter for a bunch of stuff that is coming.”..
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