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President Trump to Change Great Recession Financial Reform
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  • Paul
    02/04/2017
    ···

    My concern is about the Fiduciary Rule removal. With this Rule, a financial advisor is required to act in the best interests of their client, very similar to an attorney who must act in best interest of their client. This executive order will allow financial advisors to advice which might not be good for the client, but instead will be good for the company. This is a major concern, as contract between client and advisor explain that value of investments may go up or down... so the advisor is legally shielded from client losses... they are being given the right to put company profit ahead of clients... and that is not acceptable.

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