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.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]