From Wall Street to Wisconsin, brokers cheer Trump's order

With a swipe of his pen, U.S. President Donald Trump on Friday started killing off a retirement advice rule that wealth managers from Wall Street to Wisconsin have spent the last six years lobbying against. A landmark policy from the Obama era, the so-called fiduciary rule requires brokers and financial advisers to act in the best interest of retirement savers. Wall Street has argued it would harm consumers because it would raise compliance costs and therefore fees, and force them to get rid of