Trump team looks to scrap retirement advisory rule

[Jacque67 7,328]

Donald Trumps advisers are eyeing plans to scrap a landmark piece of the Obama administrations financial reforms, giving relief to the industry that lobbied hard against the wide-ranging proposals but raising fresh concerns about consumer protection.

Speaking after Mr Trumps election victory, Anthony Scaramucci, a manager of a fund of hedge funds who is a member of Mr Trumps economic advisory council, said the incoming administration should put the brakes on looming changes to the way retirement products are sold.

[Jacque67 7,328]

https://www.ft.com/content/aed37de0-a767-11e6-8898-79a99e2a4de6

Well do the fandango!

They want to cut the rule that made it mandatory for retirement advisers to put clients' interests before their own.

[ready4ONE 5,400]

That's a stupid rule, for retirement advisor's.

[The Nature Boy 7,659]

https://www.ft.com/content/aed37de0-a767-11e6-8898-79a99e2a4de6

Well do the fandango!

They want to cut the rule that made it mandatory for retirement advisers to put clients' interests before their own.

That does not sound good

[Teddy B 17,252]

https://www.ft.com/content/aed37de0-a767-11e6-8898-79a99e2a4de6

Well do the fandango!

They want to cut the rule that made it mandatory for retirement advisers to put clients' interests before their own.

Unrestricted capitalism, buyer beware.

[smilesammich 10,727]

Unrestricted capitalism, buyer beware.

this is going to be such a disaster..

[Teddy B 17,252]

this is going to be such a disaster..

I'm trying to stay optimistic for the time being, it's still very early. Time will tell.

[smilesammich 10,727]

I'm trying to stay optimistic for the time being, it's still very early. Time will tell.

yeah, i was pretty nihilistic prior to the king's crowning. i only see it getting worse.