President-elect Donald Trump’s stunning victory over Hillary Clinton for the White House—coupled with the GOP majority in both chambers of Congress—could spell the end of the U.S. Labor Department’s fiduciary rule and lead to the repeal of the Dodd-Frank financial reform law.
Ron Rhoades, an attorney who leads the financial planning program at Western Kentucky University, said in a Wednesday blog post that he anticipates the DOL’s fiduciary rule, along with the rule’s best interest contract exemption (BICE), to be “halted” in early 2017.
