Executive Order on Financial Regulation and Executive Memorandum on Fiduciary Rule

    February 2017
    On February 3, President Trump issued an Executive Order related to financial services regulatory reform (generally) and an Executive Memorandum specifically targeting the Department of Labor's (DOL) rulemaking titled "Definition of the Term 'Fiduciary'; Conflict of Interest Rule-Retirement Investment Advice" (Fiduciary Rule or Rule).  This alert provides an overview and analysis of each of these documents, including expected next steps and potential implications for parties impacted by these proposals.