Trump adviser likens new rule protecting retirees to discrimination against slaves

Until recently, financial advisers who helped clients decide where to invest their retirement money were legally able to steer them toward products that made themselves money at their clients’ expense. That should soon change, thanks to a new rule from the Department of Labor finalized in April that will require these brokers to adhere to a fiduciary standard and to always put clients’ interests ahead of their own.

But an economic adviser to Republican presidential nominee Donald Trump is already promising to roll that rule back. Anthony Scaramucci, who is also founder of financial firm SkyBridge Capital, told Mark Schoeff Jr. of InvestmentNews, “We’re going to repeal it,” adding, “It could be the dumbest decision to come out of the U.S. government in the last 50 to 60 years.”...
https://thinkprogress.org/trump-fiduciary-duty-dred-scott-769442c5819#.j6uv94hra