Texas Rep. Jeb Hensarling, potential Treasury Secretary and chair of House Financial Services Committee, said Trump and the Republican congressional majority should kill the regulation.
It may be too late for a Trump administration to put the brakes on the impending Department of Labor fiduciary rule, but broader industry regulations going forward are likely to be muted.
Ahead of the DOL rule, LPL has standardized brokerage mutual fund commissions, and later this month, the firm will add more no-transaction fee funds to its corporate advisory platform, it announced Wednesday.
It’s (really) easy to obsess over the complexity and confusion created by the DOL fiduciary rule. Here’s why that’s a big mistake. They're not giving up.