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Regardless of size, the most widely cited response to the question of whether a fund firm will cut spending on technology this year is: We won't.

The Financial Industry Regulatory Authority has ordered five firms to pay $117,425 in fines and restitution to customers for violation of municipal securities trade, pricing and supervisory rules.

The municipal bond market continued its rally Monday, despite limited new issuance in the primary market. Strong demand has once again pushed the 30-year yield to a new record low.

Regardless of size, the most widely cited response to the question of whether a fund firm will cut spending on technology this year is: We won't.

The Dow Jones Industrial Average shed 50 points to close at 12,727.21 Monday while the Nasdaq and S&P 500 lost 11.53 points and 3.14 points, respectively.

Deutsche Investment Management Americas Inc. is liquidating the DWS Clean Technology Fund on October 12, according to a Securities and Exchange filing.

On July 16, 2012, Northern Trust has appointed Carl R. Tannenbaum as its chief economist, succeeding Paul Kasriel, who retired from Northern Trust earlier this year.

Citigroup's second-quarter income fell but was untainted by the scandals surrounding big rivals.

On July 16, 2012, Invesco PowerShares Capital Management LLC plans to list the PowerShares DWA SmallCap Technical Leaders Portfolio on July 19, 2012 on the NYSE Arca.

The FPA and FiPath for Advisors announced a strategic partnership that will allow FPA members to access a variety of online marketing and educational tools.

The addition of The Lerner Group is the seventh advisor team to join HighTower in 2012, and the 32nd team to join the partnership since it launched.

On July 16, 2012, Philadelpia-based Lincoln Financial Distributors, the wholesale distribution subsidiary of Lincoln Financial Group, has added Chris Somers as a regional sales director for its Institutional Retirement Solutions Distribution team.

On Ju;y 16, 2012, Huntington Asset Advisors is launching Huntington Income Generation, an income-focused fund of funds, later this summer, according to Randy Bateman, President of Huntington Asset Advisors, Inc.

The most mysterious of the unexplained mysteries about Mitt Romney’s considerable wealth is how he was able to amass between $21 million and $102 million in his individual retirement account during the 15 years he was at Bain Capital LLC.

Ferrara, who was elected during the CFP Board’s July meeting last week, is president and CEO of ProVise Management Group, LLC, a Clearwater, Fla., financial planning firm with more than $630 million in assets under management.

LIMRA survey finds that three in five people who work with an advisor contribute to a retirement plan while only 38% of people doing their own financial planning invest in similar long-term investment plans.

Citigroup reported second-quarter profit that beat analysts’ estimates on revenue from advising on mergers and underwriting stocks and bonds.

Wireless networks, mobile devices and cloud computing have transformed the way advisors do business. How can these innovations change your business?

MFS Investment Management has filed paperwork with the SEC to launch a pair of mutual funds in September.

Boston-based Fred Alger Management is reopening the Alger Small Cap Growth (ALSAX) and Alger Small Cap Growth Institutional (ALSRX) to new investors starting Aug. 1, according to a filing.