In the Margins

Scaramucci says Trump to repeal DoL fiduciary rule

October 19, 2016

By InvestmentNews

Anthony Scaramucci, managing partner of Skybridge Capital and a recently named advisor to Republican presidential nominee Donald Trump's campaign, said Trump will rip up the Labor Department's fiduciary rule if he is elected. “We're going to repeal it,” he said. “It could be the dumbest decision to come out of the U.S. government in the last 50 to 60 years.” Read the original story from InvestmentNews. His comments garnered plenty of attention on Twitter, as also reported by InvestmentNews.

 

 

Most Read

Top of the Agenda - Compensation
IDC: Directors see modest pay increase in 2021

Independent mutual fund director compensation levels increased in 2021, though the year-on-year change was significantly lower than in 2020, according to new data obtained by Fund Board ...

Top of the Agenda - Regulatory
SEC to advisers: Turn over 15(c) documents, info

The Securities and Exchange Commission has begun requesting documentation and information from mutual fund advisers about their funds' 15(c) processes and fees. The Division of Enforcement ...