Tom Perez
The Public Record
American politician and attorney (born 1961)
Conservative estimates by the Council of Economic Advisors place the cost of conflicted advice at more than $17 billion annually.
Wealthfront is living proof that not only is it possible to provide fiduciary service at low cost to small investors nationwide, but that the market rewards these efforts.
I think, sir, this rule is very straightforward. You have an obligation, if you are providing advice, to look out for your customers' best interests.
The opportunity to contract with the Federal Government is a privilege, it is not a right.
We believe the science has shown that the current permissible exposure levels are unsafe.
They have to be enforceable. You need boots on the ground. You need the trade cops on the street.
This job is an unmitigated privilege, and one of the best privileges of this job has been working with veterans.
For every dollar you spend on an apprenticeship program, you get a $27 return on investment.
One thing I have learned in the various jobs I have had is that people working in the front lines are often the best innovators because they have been living with these rules.
We should not reward bad behavior. We should incentivize good behavior, and that is what this is trying to do.