A memo President Trump released on Friday suggested that the Labor Department would have to review the 'fiduciary rule' former President Obama signed into effect that is scheduled to become effective on April 10th. The fiduciary rule is aimed to assist workers putting together their retirement accounts or 401(k) plans by assuring that brokers are not compiling the plans in their own interests. The requested review is different than an earlier draft released by the White House that asked for an extra 180 days before the executive order becomes effective. It also remains unclear exactly how effectively the Labor Department will be able to delay the enactment of the rule, causing mass confusion on Wall Street as brokers determine whether or not to keep changing their business models to align with the policy.
See "White House Memo Confuses Wall Street on Fate of Fiduciary Rule", Sarah N. Lynch and Elizabeth Dilts, Reuters, February 7, 2017