Former DOL Secretary Elected Democratic Chairman
Perez was head of the Department of Labor when it drafted and began rolling out the new fiduciary standard for retirement plans.
Groups Appeal DOL Fiduciary Case in Texas
Five national co-plaintiffs and four groups in Lone Star State file to appeal Judge Lynn's decision to uphold the fiduciary rule.
Butler to Replace Booth as Co-CEO of Dimensional Fund Advisors
David Booth will continue in his role as executive chairman and will remain closely involved with the firm on strategic initiatives.
Merrill Trims Fees for Some Clients With Less Than $1M
The cuts could bring charges down to roughly 2.2% of assets, saving clients some $5,000 a year.
SEC Investor Advocate Launches Investor Research Initiative
The POSITIER initiative will utilize surveys, focus group tests and other tools to better assess investor needs and influence rules.
LPL Moving 133 Jobs From San Diego to South Carolina
Fewer than 40 employees are being offered the chance to move across the country in order to keep their positions.
SS&C, Jemstep Announce New Partnerships: Tech Roundup
SS&C Technologies has partnered with Aon Insurance Managers to launch a joint platform that will simplify insurance-linked securities valuation.
SEC 'Continues to Wrestle' With Target-Date Fund Risk Rule: IM's Grim
Former SEC Commissioner Wallman urges IM to "tackle" TDF risk disclosure rule.
Accredited Investor Is an ‘Artificial Distinction’: SEC Acting Chair
At SEC Speaks, acting Chairman Michael Piwowar also zeroed in on how the Dodd-Frank Act burdens the "forgotten investor."
SEC Charges Advisor With Stealing $900K From a Client: Enforcement
In other enforcement news, a forex trader is accused of bilking clients and spending some of their cash at McDonald's, Victoria's Secret and Gymboree.