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

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.
OCT 19, 2016
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to Republican presidential nominee Donald Trump's campaign, promised the Department of Labor's fiduciary rule would be repealed if Mr.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.

Latest News

Mercer Advisors, Osaic deepen AI bets with Arch and Nitrogen deals
Mercer Advisors, Osaic deepen AI bets with Arch and Nitrogen deals

Arch claims 40% operating cost savings for Mercer as Nitrogen unlocks its agentic AI and tech suite to 10,000 Osaic advisors

LPL advisor, South Carolina state senator, elected to U.S. Congress
LPL advisor, South Carolina state senator, elected to U.S. Congress

A happy coincidence: one of LPL Financial’s corporate campuses happens to be based in Rep.-elect Wes Climer’s new district.

Advisor moves: JPMorgan lands $940M Merrill veteran in Los Angeles
Advisor moves: JPMorgan lands $940M Merrill veteran in Los Angeles

Wells Fargo and UBS also add advisors from Morgan Stanley, Edward Jones, Merrill and Fidelity in a fresh round of wirehouse recruiting

Wall Street products, Main Street regulators
Wall Street products, Main Street regulators

How we got here – and what to do about it

Most Americans are OK with AI managing their money - but not how you think
Most Americans are OK with AI managing their money - but not how you think

AI trust gap: Americans want protection, not autonomy, in their finances

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.

SPONSORED In the Age of AI, Trust Becomes the Advisor's Greatest Asset

As AI makes financial information more accessible than ever, Lana Hock explains why human judgment, trust, and empathy remain the qualities clients value most in a financial advisor