Banco Popular de Puerto Rico

The reduction, which includes 15% of senior management, is part of a larger effort to cut costs and automate more business.

The leak affected advisors who do business with the asset manager’s iShares ETF unit.

The proposed regulations also provide guidance for taxpayers who hold interests in regulated investment companies.

The division’s chief investment officer and head of multi-asset solutions will take over in the interim as co-heads.

A group representing some of the world’s largest money managers wants the SEC to let brokers accept payments from domestic clients just for research.

The leak included information on about 12,000 advisors who are clients at LPL Financial.

The pessimism is especially unusual given that the group’s asset flows haven’t moved opposite the market in more than a decade.

The appointment comes after an earlier announcement of broad leadership changes at the firm.

The emerging markets credit fund will pursue long-term investments in conditions that the manager says may already equate to a bear market.

The SPDR fund recorded its biggest outflow in 18 months as oil fell below $52 a barrel.