The Freedom To Be Fleeced—How Donald Trump Made Financial Hustles Great Again

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The Freedom To Be Fleeced—How Donald Trump Made Financial Hustles Great Again

Post  fatbob5 on Wed Feb 08, 2017 12:00 am

Donald Trump came out last Friday for a freedom most Americans never imagined they wanted and that only financial predators would embrace: the freedom to be fleeced.

In a memo to the Labor Department, Trump took an initial step to making it easier for financial advisors to rake in more in fees for themselves, leaving clients with less money for old age. He instructed the Secretary of Labor to delay implementation of a new rule that would have extended fiduciary responsibility to all financial advisors handling retirement accounts.

Requiring financial advisors who manage retirement savings to put the interests of their clients first (a principle known as the fiduciary standard that requires “a duty of loyalty”) “may not be consistent with the policies of my administration,” Trump wrote in a Feb. 3 memorandum to the Secretary of Labor.........

http://www.thedailybeast.com/articles/2017/02/07/the-freedom-to-be-fleeced-how-donald-trump-made-financial-hustles-great-again.html



Not in the slightest bit surprising, Trump is the ultimate Snake-Oil Salesman
Just Google 'Trump + University' for more info
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