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A post-election perspective on financial regulatory compliance

Todd Cipperman | January 10, 2017

The 2016 U.S. presidential election was anything but a traditional campaign, and our new President-elect certainly was anything but a traditional candidate. So, it is difficult to predict how a Trump administration may reshape the regulatory compliance landscape for financial and investment management firms. Our crystal ball is particularly clouded by the fact that, as a candidate, Trump did not uniformly espouse a typical Republican anti-regulation platform, but rather voiced some populist, anti-Wall Street notions usually associated with progressive Democrats.

That being said, let’s look at some of the financial institution compliance issues that will face the President and Congress as a new administration comes into office.

Fiduciary rule. An immediate action item may be the Department of Labor’s Fiduciary Rule, which takes effect in April 2017. Under Labor Department’s new definition, anyone receiving compensation for providing advice that is...

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