DOL Rule Killer Scalia Gets Green Light to Rewrite Fiduciary Rule

October 30, 2019 by Alex Padalka

Newly appointed Labor Secretary Eugene Scalia will be able to take part in drafting the Department of Labor‘s new fiduciary rule despite playing a key role in overturning the previous version of the regulation, according to news reports.

The DOL’s career ethics attorneys have determined that neither its own ethics rules nor President Donald Trump administration’s ethics pledge precluded Scalia’s involvement in drafting the new rule, the Wall Street Journal writes, citing Kate O’Scannlain, the DOL’s solicitor.

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Originally Posted at Financial Advisor IQ on October 30, 2019 by Alex Padalka.