Trump’s Executive Order Gift to His Wall Street Cronies

WASHINGTON ― One of the Donald Trump administration’s first orders of business on the economy will scuttle a rule protecting retirees from being scammed out of $17 billion a year by their own financial advisers. The Obama administration approved the regulation last year. The rule established a “fiduciary duty” for money managers, requiring them to operate retirement accounts in the best interests of their clients. The Trump team’s repeal will allow… Read more…

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