Twitter reacts to Trump adviser Anthony Scaramucci’s promise to kill DOL fiduciary rule

Skybridge Capital executive's outspoken comments — including a comparison to the 1857 Dred Scott decision — sparked a debate on social media.

Skybridge Capital managing partner Anthony Scaramucci, who was recently named an adviser to Republican presidential nominee Donald Trump’s campaign, promised the Department of Labor’s fiduciary rule would be repealed if Mr. Trump takes office, as InvestmentNews senior reporter Mark Schoeff Jr. reported Tuesday.

Mr. Scaramucci’s comments also included a controversial comparison between the DOL’s regulation and the 1857 Dred Scott decision.

The comments drew impassioned responses on Twitter in a conversation that included Mr. Scaramucci himself.

Seriously? “Trump adviser Anthony Scaramucci promises to ‘repeal’ DOL fiduciary rule” https://t.co/2yFr5YXXhp

— Chris Benson (@ChrisBensonCPA) October 19, 2016

@GoHedgeClippers @Scaramucci analogy is strange but the fiduciary rule is absolutely abysmal.

— Costa Kapothanasis (@CostaKapo) October 19, 2016

Can Clinton repeal it instead? Trump adviser Anthony Scaramucci promises to ‘repeal’ DOL fiduciary rule https://t.co/yeokCnCMbo

— Dan Sondhelm (@DanSondhelm) October 19, 2016

They are fooling you with the ruling. The word fiduciary is in there to bait everyone but it really to drive ppl away from managed products. https://t.co/fSrlltVs3u

— Anthony Scaramucci (@Scaramucci) October 19, 2016

I am advocating the stopping the nonsense of Financial Advisor shaming. https://t.co/2ZOl1GoVuK

— Anthony Scaramucci (@Scaramucci) October 19, 2016

Dred Scott is a blight on US history that extended slavery. DOL rule is nothing like it. @Scaramucci has never experienced anything like it. pic.twitter.com/1qkNZLu2sT

— Dave Lauer (@DLauer) October 18, 2016

@Scaramucci well said. As a annuity wholesaler I am unsure how the landscape will ultimately change. Hoping for the best.

— Andrew Oxley (@TheeAndrewOxley) October 18, 2016

Beyond words. And @Scaramucci doubles down on it! https://t.co/L7bKXoIbB4

— Kevin Dugan (@KevinTDugan) October 18, 2016

@Scaramucci is completely wrong on the DOL Fiduciary rule. One of the best regs to come out of DC. Protects investors. @ObsoleteDogma https://t.co/RBQQpc1XZ2

— Ryan McGlothlin (@ryanmcglothlin) October 18, 2016

Uh sorry @Scaramucci the DOL Fiduciary rule is NOTHING like the Dred Scott decision

https://t.co/KlsDc5PEKh via @newsfromIN

— Tom Lauricella (@LauricellaTom) October 18, 2016

You have been fooled. This is broad based discrimination of one industry and as policy it will fail as soon as the market turns. https://t.co/2pgVdYQ0j5

— Anthony Scaramucci (@Scaramucci) October 19, 2016

Mr. @Scaramucci is 1/2 right. The rule technically does “discriminate” (as all “rules” must); but not at all like #DredScott. @DaveCBenoit

— Blaine D. Pope, PhD (@Dr_Blaine) October 18, 2016

DOL Fiduciary Rule is like the Affordable Care Act – both are misnomers. Have good intentions but negative unintended consequences

— Anthony Scaramucci (@Scaramucci) October 18, 2016

Trump adviser vows to repeal fiduciary rule. “It’s about like the Dred Scott decision,” @scaramucci said https://t.co/YqZLF3y9n1 pic.twitter.com/JnXjtl94EF

— Eric Owles (@owlese) October 18, 2016