Labor Nominee Would Likely Sit Out Financial-Advice Rule Making

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Labor Nominee Would Likely Sit Out Financial-Advice Rule Making
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Eugene Scalia, President Trump’s pick to lead the Labor Department, handled a legal challenge that defeated an earlier Obama-era fiduciary rule

WASHINGTON—President Trump’s pick to be the next secretary of labor would likely have to sit out the department’s rewrite of a closely watched investment-advice rule if he is confirmed, according to people familiar with the matter.

Eugene Scalia, a Washington lawyer who has helped companies challenge financial rules, previously handled a legal challenge to the Obama administration’s version of the regulation, known as the fiduciary rule. Government ethics rules generally prevent officials from participating in issues they...

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