The DOL rule is DOA -- and that's just the beginning, says RIA champion Brian Hamburger, law school chum of odds-on chief of staff Reince Priebus

In my podcast convo with Anthony Scaramucci just prior to the election, he talked about his opposition to DOL and how Trump would govern should he get elected. Very prescient now! <a href="http://www.belayadvisor.com/anthony-scaramucci/" rel="nofollow">http://www.belayadvisor.com/anthony-scaramucci/</a>

Scarramucci is a product guy and has no chance of advancing his agenda, witness the plight of NJ Governor when he pushed his guys for administration posts for personal reasons. Trump is a smart guy, is not beholden to Wall Street, hates rigged systems pitted against the common man, insists on fair dealing and is turned off by 40% of the earnings on retirement savings being lost to brokerage fees, commissions and administrative cost. The fiduciary rule is safe with Trump. SCW

We should ask ourselves what that middle American voter who just changed the balance of power would think of some of what our industry says... Consumer trust in us, our industry, is about 12%. We've heard their voices, they want best interests - that's what trust worthiness looks like. We should not be happy about potential delays from doing the right thing. We don't need a reprieve we need the courage for re-creation. Just my opinion as a consumer advocate.

There is a vast majority of Americans that agree with Gail, only the self interests of the industry at the expense of the consumer try to rationalize opposition to fiduciary duty. Take a look at those who opposed fiduciary duty who say they are advisor advocates. Doesn't their advocacy now ring hollow? SCW

It's funny "scary" how so many people that should be diligent in their advice only read the titles to garner a conclusion. Just because the title says "Fiduciary Rule" or "Best Interest Contract Exemption" does NOT mean that it is in the best interest of the client, specifically in this case. As Anthony Scaramucci said “Financial crisis and market crashes are often the result of overregulation creating bad incentives.” Before quoting Milton Friedman “one of the greatest mistakes is to judge policies & programs on their intentions rather than their results” Insurance agents, advisors, lawyers, doctors, or any other trusted professional should always be looking out for their client’s best interest. If they’re not, the market place if not the courts will purge them especially living in an information society, where opinions and reviews are readily available to any and all clients. Not to mention, all the other honest & trust worthy professionals available to them in their perspective areas for 2nd opinions. Creating more Govt. overregulation is not the answer. You an cannot create regulations for every single bad apple & still live in a free society.