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Senate panel advances Perez nomination for labor secretary
Thomas E. Perez was approved for confirmation as secretary of labor by the Senate Health, Education, Labor and Pensions Committee on Thursday.
Oklahoma governor vetoes pension reform bill
Oklahoma Gov. Mary Fallin vetoed a pension reform bill that would have given new hires a choice between entering a defined contribution plan and participating in the $7.5 billion Oklahoma Public Employees Retirement System.
Yale professor: Regulation to blame for loss of integrity on Wall Street
Jonathan R. Macey, a Yale University academic, in a provocative, well-written and compact new book wonders what happened to reputational capital, which once played a vital role in “fostering the high-trust environment critical to the successful operation of capital markets and corporate financing
SEC's Champ is very comfortable with change
Norm Champ moved around a lot before landing at his current job as the SEC's director of the investment management division, and that's good thing.
EBSA wants you ... to comment on rules
The EBSA is seeking input for possible regulations on lifetime-income statements for defined contribution plan participants.
Buzz on advertising rising as regs near
An 80-year-old tradition of silence among issuers of private offerings is coming to an end, as SEC officials finish rules lifting a ban against solicitation and general advertising during periods of fundraising.
PBGC to take control of hospital pension plan
The PBGC will cover the pension benefits of nearly 800 former employees of the Hospital Center at Orange, after a change in legal status.
Karpati leaving as SEC asset management enforcement chief
Bruce Karpati is stepping down as chief of the SEC enforcement division's asset management unit, the agency announced Thursday.
PBGC takes over Noble Health Systems pension plan
The PBGC will take over the defined benefit fund of Noble Health Systems Inc., Westfield, Mass., the agency announced Thursday.
Falcone agrees to 2-year ban in proposed SEC settlement
Philip Falcone, the hedge fund manager who was sued by U.S. regulators over claims he improperly borrowed client money to pay taxes, has agreed to be barred from acting as an investment adviser for two years.
North Carolina Senate OKs hike in alternative investments for state pension fund
The North Carolina Senate overwhelmingly approved raising the bar on alternative investments for the North Carolina Retirement Systems, Raleigh, to as much as 40% of its assets.
Simpler version of the Volcker Rule needed, CFTC commissioner says
Federal regulators should quickly adopt a simpler version of the Volcker Rule, said CFTC Commissioner Bart Chilton.
SEC reaches settlement with Level Global Investors over insider trading
Level Global Investors will pay $21.5 million to settle charges that a top official and several analysts engaged in repeated insider trading. The SEC announced the settlement with the Greenwich, Conn.-based hedge fund management firm Monday.
Washington State Investment Board commits to REOC, private equity
Washington State Investment Board, Olympia, committed $250 million to Calzada Capital Partners.rd.
Fee-disclosure rule spurring searches for DC record keepers
Thanks to federal fee-disclosure regulations that took effect last July, more defined contribution plans have been searching for record keepers — even though many ultimately will stay put.