President Donald J. Trump signed (i) an Executive Order setting forth "Core Principles for Regulating the United States Financial System" and (ii) a memorandum regarding the Department of Labor’s fiduciary rulemaking.
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The CFTC issued an order excluding institutions in the Farm Credit System from the definition of "commodity trading advisor." The CFTC explained that any trading advice offered by such institutions is "solely incidental to their primary lending business."