WASHINGTON (AP) - President Donald Trump has signed an executive order that will direct the Treasury secretary to review the 2010 Dodd-Frank financial overhaul.
It's Trump's first step at scaling back regulations on financial services. Trump has called the law a "disaster" and said it failed to address some of the causes of the 2008-2009 financial crisis. Supporters say the regulations placed needed limits on high-risk speculations.
The president has also signed a presidential memorandum related to retirement planning. The administration's move will delay implementing an Obama-era rule that requires financial professionals who charge commissions to put their clients' best interests first when giving advice on retirement investments.
(Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)