Trump just got rid of a key aspect embedded within the burdensome Dodd/Frank legislation.

Federal court tosses out Obama-era rule requiring financial advisers to act in customers' best interests  —  A divided federal appeals court on Thursday tossed out an Obama-era Department of Labor (DOL) rule that required financial investment advisers to act in the best interest of their clients.
  
Editor:  This was the basis for the new Consumer Protection Agency embedded in the Dodd/Frank bank reform bill.  In fact,  Central Planning made it illegal for some banking institutions to offer financial and investment advise, an Elizabeth Warren brain child.  The theory was this:  most if not all financial advisors are potentially so corrupt that they would give financial advice that would bolster their investment portfolios  . . . . .    To avoid this corruption,  one had to seek financial advise in places other than investment firms and banking institutions.  OF COURSE this was unconstitutional,  but since when did the Obama Left believe in constitutional values   . . . . . . . .   well,  except during an election cycle,  of course.  

Now,  when you go back and read the headline,  it sounds terrible.  I mean,  shouldn't financial advisors be required to give "best advice" to a client.  Of course,  but in lawyer speak,  all this did was to open the door to lawsuits arguing that the adviser did not give "best advise" as required by law.   Small banks could not afford the risk of multiple lawsuits and,  as a consequence,  more small lending institutions failed than were created during the Obama Error  . . . . . .  for the first time in American history.  

So what about "best advise?"  Look,  if your adviser does not give you the best financial advise imaginable,  you have an escape  . . . . .  go to another adviser.  If his advise involved fraud,  as legally defined,  you file a suit with the protection agencies that existed before Warren and her Consumer Protection Agency.   Investments always involves risk.  No risk?  Well,  you probably just bought a 10/30 year bond at 2.80% .   

You should know that all fines paid to the Warren Protection Agency,  went into the Federal Treasury except for a percentage that went to fund global warming concerns and other Progressive related efforts.  

Anyway,  good riddens to bad rubbish.