BREAKING NEWS

US Labor Dept. looks into delaying fiduciary rule after Trump's order

The US Labor Department is looking into delaying the implementation date of its new fiduciary rule governing the advice that brokers can give about retirement investments, it said on Friday, after President Donald Trump called for a review that could ultimately lead to scrapping it.
"The Department of Labor will now consider its legal options to delay the applicability of the date as we comply with the president's memorandum," Acting US Secretary of Labor Ed Hugler said in a statement.
Subscribe for our daily newsletter
Subscribe for our daily newsletter

By subscribing I accept the terms of use and privacy policy

Read all Tweets >