Good. Especially for the consumer. There is no reason for any delays.
http://www.reuters.com/article/us-usa-congress-fiduciary-idUSKBN18J0HA
"Acosta, in an opinion piece for the Wall Street Journal, which was also shared with Reuters, said there was "no principled legal basis to change the June 9 date while we seek public input".
Calling the fiduciary rule a "controversial regulation", Acosta said while courts have upheld the rule as consistent with Congress' delegated authority, it may not align with Trump's "deregulatory goals".
He also said the department was seeking "public comment" on how to revise the rule, leaving open a possibility of repealing the rule in future."
It's a good rule, a common sense rule. The interest of the person giving the money for retirement/personal investment should take priority over company profits.
http://www.reuters.com/article/us-usa-congress-fiduciary-idUSKBN18J0HA
"Acosta, in an opinion piece for the Wall Street Journal, which was also shared with Reuters, said there was "no principled legal basis to change the June 9 date while we seek public input".
Calling the fiduciary rule a "controversial regulation", Acosta said while courts have upheld the rule as consistent with Congress' delegated authority, it may not align with Trump's "deregulatory goals".
He also said the department was seeking "public comment" on how to revise the rule, leaving open a possibility of repealing the rule in future."
It's a good rule, a common sense rule. The interest of the person giving the money for retirement/personal investment should take priority over company profits.