CORRECTED: Trump Orders Review Of Dodd-Frank And Fiduciary Rule

Law360, New York (February 3, 2017, 12:45 PM EST) -- President Donald Trump signed two directives Friday in first steps following through on promises to roll back financial regulations, directing a wide review of financial regulations aimed at rolling back the Dodd-Frank Act and ordering a review of the U.S. Department of Labor's fiduciary rule for retirement account advisers.

Press Secretary Sean Spicer on Friday called the Dodd-Frank Act "disastrous policy" in announcing the two orders. (Credit: AP) The first executive order directs the Treasury secretary and other regulators to review existing financial regulations to determine whether they support a series of six "Core Principles," including preventing taxpayer-funded bailouts and rationalizing...

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