(Bloomberg View) -- President Trump's has asked for 180-day review of the Department of Labor's fiduciary rule. It is, of course, reasonable to assume that this is the prelude to the new administration's effort to kill the regulation.

If there is an actual shortcoming to the rule, it is this: The fiduciary rule shouldn't apply just to retirement accounts; it should apply to all investment accounts, no matter the size and type. It's probably doubtful that Trump's review will come to this conclusion.

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