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Trump to Halt Obama Fiduciary Rule, Order Review of Dodd-Frank
President Donald Trump will halt an Obama administration regulation, hated by the financial industry, that requires retirement advisers to work in the best interests of their clients, while the new administration reviews the rule. The president also will order a review of Dodd-Frank Act rules enacted in response to the 2008 financial crisis, a White House official said. Trump is scheduled to issue the directives at a signing ceremony around noon on Friday following a meeting of more than a dozen top corporate executives led by Blackstone Group LP Chief Executive Officer Steve Schwarzman. Trump’s directive stalls ... (full story)
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