Compass

Alternative Fact – Trump Team Kills DOL Rule (2/22/17)

Trump Issues Whitehouse Memorandum to Examine Fiduciary Rule

On Friday 2/3, President Trump signed an executive order that mentioned the DOL Fiduciary rule.  As soon as the word got out, news outlets the world over reported that the DOL rule was delayed 180 days and that it was likely dead.  Upon release of the executive order, it has come to light that while the rule was mentioned, the order does not actually do anything to delay the implementation of the rule, and the majority of the reports that went out were based on a draft of the order. 

Read the order in its entirety, please click here.