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Mark Schoeff Jr.

Mark Schoeff Jr. is a senior reporter at InvestmentNews. Based in Washington, D.C., he covers legislation and regulations affecting retail investment advisers and brokers. Prior to joining InvestmentNews in 2010, he wrote about employment and labor law for Workforce Management, a magazine that was published at the time by Crain Communications. He is a member of the National Press Club board. Before migrating to the editorial side of the journalism ecosystem, he served as press secretary for the late Sen. Richard Lugar of Indiana and as director of external relations for the Center for Strategic and International Studies, a think tank in Washington. In a region where people keep their hometown loyalties intact, he has lived in the Washington area long enough to become an actual fan of the Nationals, Wizards, Capitals and the Washington Football Team. He earned a bachelor’s degree from Purdue University and a master’s degree from George Mason University.

Displaying 3395 results

Topic

DOL takes aim at ‘junk fees’

New proposal wants to rework definition of a fiduciary and 'close loopholes.'

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HSA fees fall, but their use as investment vehicles remains limited

'Just as we deliver education for 401(k)s, we need to do the same thing in the HSA space … to help plan participants and sponsors understand just how powerful these vehicles can be,' says a financial advisor.

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Raymond James achieves record net revenue, earnings

'Our advisor recruiting has picked up significantly over the last two months, with record numbers of large teams in our pipeline,' CEO Paul Reilly says.

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Trying to halt the SEC

A wide range of financial industry groups are urging the agency to withdraw its most controversial proposals, but even the most reviled likely will avoid major changes.

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SEC steps up enforcement: Actions increase, money obtained falls in fiscal 2023

'Some may call high-impact cases regulation by enforcement,' SEC Chair Gary Gensler said. 'I call it enforcing the laws and the regulations that are on the books.'

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Federal auto-IRA would crowd out private-sector plans, critics say

'Why would any business owner maintain a retirement plan if the federal government is going to take over all the costs and responsibility of providing retirement benefits?' says the CEO of a trade group representing plan sponsors.

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Asset managers tune out anti-ESG noise

“Energy transition and environmental investing are not slowing down,” says portfolio manager as Cerulli report offers fresh insight.

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Former broker sentenced to more than 10 years in prison for fraud

'[Thomas] Brenner used the funds for his benefit, including to make large race car-related purchases, and to pay back tax debts,' according to the U.S. Attorney's Office for the Northern District of Ohio.

Topic

Out of sight but top of mind: SEC maintains ESG focus despite absence in exam priorities

'Firms should continue with rigor and diligence to operate their ESG risk and compliance programs,' a compliance expert says.

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Don’t say ‘fiduciary rule’; DOL terms next attempt a ‘retirement security’ reg

'We are trying to protect retirement savers,' says DOL assistant secretary Lisa Gomez. 'This is a new approach. Stay tuned.'