On February 3, 2017, President Donald Trump signed an executive order to delay the implementation of the Department of Labor’s Fiduciary Rule. President Trump also signed an executive order to roll back certain parts of the Dodd-Frank Act. We will continue to monitor news relating to these executive orders and report developments on this blog.
UPDATE: The White House released the official text of the Presidential Executive Order on Core Principles for Regulating the United States Financial System later in the afternoon on February 3. See the executive order here: https://www.whitehouse.gov/the-press-office/2017/02/03/presidential-executive-order-core-principles-regulating-united-states
The White House has released a Presidential Memorandum on Fiduciary Duty Rule, rather than the expected executive order, later in the afternoon on February 3, The memorandum can be accessed here: https://www.whitehouse.gov/the-press-office/2017/02/03/presidential-memorandum-fiduciary-duty-rule