President Donald Trump on Friday signed a directive telling the U.S. Labor Department to halt implementation of rules targeting conflicts of interest in the retirement-saving industry. The fiduciary rule, facing challenges in several federal courts, is set to take effect April 10.
ThinkAdvisor first reported Trump’s coming order to halt the fiduciary rule’s implementation on Tuesday. Another executive action will roll back the Dodd-Frank Wall Street Reform and Consumer Protection Act, according to the White House.
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