As planned, U.S. President Donald Trump issued an executive order delaying the DoL fiduciary regulation for 180 days.

Ann Wagner Representative (R-Missouri)

Representative Ann Wagner (R-Missouri), chairman of the Oversight and Investigations Subcommittee, was in attendance as the president signed the executive order, and released a statement applauding the decision. Wagner says that she's committed to working towards a permanent repeal of the reg. According to the St. Louis Post-Dispatch, Trump is ordering the DoL to do an economic and legal analysis and then roll back the reg if it doesn't align with Trump administration policy.

Our sister publication 401kWire also reported on the story. 

Edited by: Katy Golvala


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