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Thomas Edward Perez

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  • Labor Dept.: Brokers must put client interests ahead of their own

    Labor Dept.: Brokers must put client interests ahead of their own
    Labor Department Secretary Thomas Perez said Wednesday that individuals are losing billions of dollars a year in retirement savings because brokers don't have to look out for their clients' best interests.
  • New rules could boost IRA, retirement fund protection

    New rules could boost IRA, retirement fund protection
    The Obama Administration unveiled a new proposal Tuesday to that would, in part, enhance the ability of Americans to sue financial advisers and stockbrokers over retirement fund losses. The new rules attempt to require that financial advisers put...

    Government proposes rules for brokers on retirement accounts

    Brokers who manage Americans' retirement accounts may soon be required to put investors' interests first under new restrictions proposed by the U.S. government. The Labor Department on Tuesday opened the rules to public comment for 75 days. The Obama...

    Pennsylvania quarry pushes back against hard-hat rule for Amish

    Pennsylvania quarry pushes back against hard-hat rule for Amish
    Last fall, Pennsylvania congressman Glenn Thompson received an unusual inquiry: A constituent who runs a sandstone quarry wanted to know why his Amish workers were being told they must wear hard hats. A long-standing exemption to federal safety rules...

    Perez and Garcetti take aim at wage theft, minimum wage

    Perez and Garcetti take aim at wage theft, minimum wage
    Raising the minimum wage is one thing, but enforcing it is another. Los Angeles Mayor Eric Garcetti and U.S. Secretary of Labor Thomas Perez stressed that point at a pair of events coinciding with Cesar Chavez Day. The two politicians visited a...