In an aside, Mr. Scaramucci compared the DOL rule to an 1857 Supreme Court ruling which held that African Americans were not U.S. citizens.
“It's about like the Dred Scott decision,” Mr. Scaramucci said.
He made the analogy because he views the DOL rule as discriminatory, Mr. Scaramucci wrote in a follow-up email.
“The left-leaning Department of Labor has made a decision to discriminate against a class of people who they deem to be adding no value,” he wrote. “They are judging what should happen in a free market and attempting to put financial advisers out of work. When market forces cyclically adjust again, they will be having congressional hearings about how big the mistake was to do this.”