Robert Powell: After Trump’s fiduciary order, there’s concern — and some optimism

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CKE Restaurants CEO Andrew Puzder shakes hands with Vice President Mike Pence after a meeting with President Donald Trump before inauguration on Nov. 19, 2016. Puzder is Trump’s nominee for Labor Secretary.

Some financial advisers have criticized President Donald Trump’s recent direction to the Labor Department to examine the fiduciary rule “to determine whether it may adversely affect the ability of Americans to gain access to retirement information and financial advice.”

Other advisers, however, applauded the Trump’s administration efforts to, among other things, to prepare an updated economic and legal analysis concerning the likely impact of the fiduciary duty rule.

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