In this March 22, 2017, file photo, then-Labor secretary-designate Alexander Acosta testifies on Capitol Hill in Washington. The Trump administration is allowing to go forward an Obama-era rule that puts stricter requirements on professionals who advise retirement savers on their investments. But it’s leaving open the possibility that deep changes to the rule will still be made. Acosta, President Donald Trump’s labor secretary, said on May 23 that the department has decided not to delay the rule while it seeks public input on how to change it.
In this March 22, 2017, file photo, then-Labor secretary-designate Alexander Acosta testifies on Capitol Hill in Washington. The Trump administration is allowing to go forward an Obama-era rule that puts stricter requirements on professionals who advise retirement savers on their investments. But it’s leaving open the possibility that deep changes to the rule will still be made. Acosta, President Donald Trump’s labor secretary, said on May 23 that the department has decided not to delay the rule while it seeks public input on how to change it. Manuel Balce Ceneta AP
In this March 22, 2017, file photo, then-Labor secretary-designate Alexander Acosta testifies on Capitol Hill in Washington. The Trump administration is allowing to go forward an Obama-era rule that puts stricter requirements on professionals who advise retirement savers on their investments. But it’s leaving open the possibility that deep changes to the rule will still be made. Acosta, President Donald Trump’s labor secretary, said on May 23 that the department has decided not to delay the rule while it seeks public input on how to change it. Manuel Balce Ceneta AP

In the week ahead, a higher standard for investment advice will be put into place

June 02, 2017 7:00 AM