Some people turned away by their brokers are contacting mutual funds for help, fund trade group official says. (Related read: Betterment presses Trump to keep DOL rule )
Industry executives see the potential for changes to the rule, but say firms would be wise to continue to work toward the scheduled April implementation.
Though Andrew Puzder, a fast-food CEO, has not weighed in on the regulation, his conservative leanings on employment policies indicate he probably won't embrace it.
UPDATE: Jobless claims drop 10,000 to 258,000, keep record low pace of layoffs intact
U.S. Jobless Claims Decline Signals Still Healthy Labor Market
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Ad campaign suggests robo-adviser is ready to battle for fiduciary standard.
Advicent partners with North Highland to offer clients DOL compliance resources
Instead of proposing new regulations or legislation to kill it, the new administration could simply stop fighting several lawsuits brought against the rule. (More: The most up-to-date information on the DOL fiduciary rule )
DOL questioned at length during challenge brought by SIFMA, FSI, Chamber of Commerce and others.