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President Obama has nominated commissioner Elisse B. Walter, a critic of the mutual fund industry, to succeed Mary L. Schapiro as chairman.

The RIA channel is growing rapidly as firms with more than $1 billion in assets continues to drive growth, according to a report from Cerulli & Associates.

Say howdy to Salient Partners L.P.'s new master limited partnerships and energy infrastructure fund.

Securities and Exchange Commission Chairman Mary L. Schapiro said she will leave her office before the end of the year.

Investors will continue to pour money into funds, especially into target date funds and ETFs, according to a report on mutual funds from Tiburon Strategic Advisors.

Here’s a sampling of bank reps who were recently promoted or moved to new organizations to assume roles of greater responsibility.

Securities and Exchange Commission Chair Mary L. Schapiro will step down on Dec. 14, the commission announced Monday.

UBS AG was fined 29.7 million pounds ($47.6 million) by the U.K. and told by the Swiss that it may have to increase capital levels for operational risks as regulators levied penalties after Kweku Adoboli’s $2.3 billion trading loss.

SAC Capital Advisors LP is seeking to calm investor concern about founder Steven A. Cohen’s trading in two drug stocks and possible regulatory sanctions after prosecutors for the first time tied Cohen to a specific transaction at the center of an insider-trading investigation.

Regulatory reform is about to exact its price.