http://nymag.com/daily/intelligencer/2016/11/trump-wants-to-let-wall-street-scam-customers-again.html?mid=twitter_nymag Donald Trump ran as a populist enemy of the global financial elite. In other news, Anthony Scaramucci, a hedge-fund manager who has somehow secured a position as a key Trump economic adviser despite being a member of the global financial elite Trump has vowed to crush, tells the Financial Times that Trump will eliminate a rule requiring financial advisers to follow their clients’ best interests. The rule came about in response to a long-standing practice, exposed most blatantly in the wake of the housing crash, by which advisers would dump products onto their clients in order to get them off their own firm’s balance sheet. The Obama rule requires financial advisers to follow their clients’ fiduciary interest. Hahahaha. Good for me I guess since I am in the top 1% financially and will likely benefit from this, but lol "middle class" people are so easy to sucker and manipulate, thinking this guy (the most well known Wall Street "brand name") was going to "take on" Wall Street. So much for your hopes and dreams of the "global elite" being challenged, expect most/all regulations resulting from the 2008 mortgage crisis to be thrown down the toilet.

Well trump said he would get rid of all regulations. I wouldn't be shocked in the least when the regulations that were keeping us safe are torn down because of it.

His cabinet is shaping up already. 

Oh and look a 17-year-veteran at Goldman Sachs has the inside track for the Treasury. 

https://boingboing.net/2016/11/10/trump-administration-a-climat.html

lol. 

Wall Street should be up, deregulation is awesome for Wall Street suits, it lets them exploit the system in numerous new ways. 

That doesn't boost stock prices. Stock prices are entirely based on the confidence of investors displayed through buying and selling stocks, and if anything, this rule would decrease the confidence of investors.

O/T: I'd be interested in seeing a more...reputable source for this. Given how many things have been made up about both candidates over this election cycle and the fact that I can't find a single source for this claim besides the..."Financial Times," I'm a little skeptical about this until we see something like the NYT or the WSJ reporting this.

Now it's shit before the storm...

It's not a secret, he campaigned openly on deregulation, there should be nothing surprising about this at all. "Financial Times" is like 130 years old, it's not some small paper rag too, lol. 

Aren't you aware that he is facing charges for fraud????

I feel people are overreacting. We dont really know how a Trump presidency will be like. He bullshited his way to the position. 70% of the shit he said was completely false, to begin with. And several campaign promises - like Mexico paying for a border wall - are not plausible.

So yeah, we don't know. We don't even knoooow. We have no idea.

Ryan, Ryan, Ryan... it doesn't exist something called "enough money".