Gross, 74, announced his retirement Monday from his post at Janus Henderson Group Plc, the investment firm he joined in late 2014 after suddenly leaving Pacific Investment Management Co. that year.
Sanders of Vermont, who is considering a second run for president, said in a statement his plan would apply to the wealthiest 0.2 percent of Americans.
Bank of America is broadening eligibility for commission-free trades on stocks and exchange-traded funds to more than 5.25 million clients who are enrolled in its Preferred Rewards program.
The Aware Ultra-Short Duration Enhanced Income ETF is designed to be a liquid, cost-effective alternative to earnings credits, commercial paper and money-market funds.