President Trump Issues Memorandum Directing DOL to Review Fiduciary Investment Advice Regulation | Practical Law
On February 3, 2017, President Trump issued a memorandum that directs the Department of Labor (DOL) to review the fiduciary investment advice regulation issued by the DOL on April 8, 2016 (fiduciary rule) and currently scheduled to become effective on April 10, 2017. The memorandum directs the DOL to examine the fiduciary rule and determine if it negatively impacts investors and retirees or is otherwise inconsistent with the priorities of the Trump administration.