Juan Marcelino announced yesterday that in light of the maelstrom whirling around the mutual fund industry, he is stepping down as district administrator of the Securities and Exchange Commission’s Boston office.

Marcelino is quitting his position, which he has held for the past 10 years, "given the recent press coverage involving the Boston office, to minimize any further distractions for his staff as they continue the critical work of the office," the SEC said in a statement.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.