Merrill Lynch may consider delaying or reversing some previously announced policies meant to comply with the fiduciary rule, including a pledge to cease offering commission-based retirement accounts.
Andy Sieg, head of Merrill Lynch, says his firm has been working to deliver a best interest standard of care for clients. But he says that "operational changes" are possible if the rule is delayed or overturned. President Trump made recent moves to do just that.
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