Portfolio

The expiration of payroll tax reductions — and the possibility that nothing will be resolved in Washington this year around these and other fiscal issues — could be a drag on growth, says Mark Luschini, chief investment strategist for Janney Montgomery Scott.

“Before allowing our reps to use social media, we needed a technology solution to handle our complex regulatory needs,” says Chad Oppedal, assistant director of compliance for the Principal Financial Group.

The consolidated audit trail of orders placed and matched on the nation’s stock markets should cost a ‘fraction’ of what the SEC has estimated, according to a financial data expert and author speaking at TradeTech 2012 conference in New York.

The Municipal Securities Rulemaking Board has proposed rule changes and interpretive guidance aimed at ensuring that underwriters and dealers comply with an issuer’s instructions to sell bonds to retail investors during retail order periods.

Seoul, Korea-based Mirae Asset Global Investments unveiled its Global Dynamic Bond Fund, which will bet on sovereign, quasi-sovereign and corporate bonds from issuers in both emerging and developed markets, for U.S. investors.

Matrix Financial Solutions has expanded the functionality of TrueOpen, its core mutual fund trading platform, to address growing demands from retirement plan providers and advisors.

Morningstar, Inc. has launched a new alternative investments center as part of several enhancements to MorningstarAdvisor.com, a free website that provides advisors with practice management information, investment trends, and industry insights.

Symetra Investment Services, Inc., the broker-dealer registered investment advisor arm of Symetra Financial Corporation, has hired John Forrest to serve as director of business development, responsible for managing relationships, development advisors and managing sales.

The Dow Jones Industrial Average tumbled 203.66 points to close at 12,759.15 Tuesday, resulting in the largest one-day decline in this calendar year.

Symetra Investment Services, Inc., the broker-dealer registered investment advisor arm of Symetra Financial Corporation, has hired John Forrest to serve as director of business development, responsible for managing relationships, development advisors and managing sales.