Trump is expected to sign executive orders that would repeal 2 huge Wall Street regulations
http://www.businessinsider.com/trump-executive-order-repeal-dodd-frank-fiduciary-rule-2017-2
President Donald Trump is set to sign two executive orders on Friday that would roll back two major Wall Street regulations, according to The Wall Street Journal.
Trump will target the Dodd-Frank Act, which was written in the aftermath of the financial crisis to scale back risk-taking at the country's largest financial institutions, as well as the fiduciary rule, which requires investment advisers to put client interests above their own when it comes to investment choices for retirement accounts, according to The Journal's Michael Bender and Damian Paletta.
Gary Cohn, the former Goldman Sachs COO who is now the director of the White House National Economic Council, told The Journal that the executive orders would not immediately repeal the two regulations. Instead, Trump's orders would direct the labor secretary to rescind the fiduciary standard and the Treasury secretary to devise a plan to replace Dodd-Frank.
Cohn also told The Journal that the orders wouldn't be the end of Trump's deregulation efforts, saying the moves are a "table setter" for further action.
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