A softening was expected from the Trump Administration.

No, not of the stool kind, but of the regulation kindthough some in the financial industries long considered mandates from Dodd-Frank legislation and the proposed fiduciary rule as, well, B.S.

Earlier this year, the Department of Labor delayed the fiduciary rule until June 9 legislation that would have required investment managers to act in their customers best interests, and to disclose conflicts of interest in commission-based fee structures.

Opponents of the rule said that it would stifle business and be overly-burdensome, with the overhaul too costly after so many years of doing business one way.