Portfolio

A jury for the U.S. District Court for the Southern District of New York has ruled in favor of an SEC lawsuit against a former Prudential Securities registered rep for market timing mutual funds between 2001 and 2003.

The time for watching and waiting is over. Twitter is a culture phenomenon and more and more financial advisors are setting up Twitter profiles and testing the waters to connect with existing clients, promote their services to potential new clients and share industry news and insight with their peers. Whether you are new to Twitter or seasoned vet, here are 10 tips provided by TJ Gilsenan, Web-Savvy Advisor, to help financial advisors get the most out of the platform:

Bank stocks were pounded again Monday on concerns that Basel III capital requirements would provide another blow to the beleaguered industry. Investors also dumped shares after European Central Bank head Mario Draghi gave a speech in which he offered little in the way of support to solve the region’s sovereign debt crisis.

Invesco has launched the Invesco Premium Income Fund, aimed at investors looking for current income streams. The strategy is designed “to provide protection during periods of economic stress” while still meeting income goals, the firm said.

The IRI said the nation’s insurance regulatory system needs to be modernized – and insurance products, most notably annuities and other insured retirement income products – need to be made available to underserved populations.

U.S. stocks closed mixed Friday, wrapping up a forgettable week that featured a lot of anxiety about the goings-on in Europe and a better-than-expected jobs report.

Morningstar has announced its five nominees for the Morningstar Domestic Stock Fund Manager of the Year Award. The 2011 nominees are:

William Blair Funds has introduced the William Blair Small-Mid Cap Value Fund, aimed at delivering long-term capital appreciation and portfolio diversification by taking moderate risk.

The $241 billion PIMCO Total Return, which has underperformed its peers over the past year -- returning 3.48% year to date -- has been hit with $17 billion in outflows, Morningstar data shows. By comparison, taxable bond funds, which are up 5.87% YTD, took in $105.8 billion in inflows over the past 12 months.

Eleven of these additions are also being made to the Russell 2000 Index. Fifteen of the IPOs are also becoming part of the Russell ex-U.S. Index—12 of which are in Asia-Pacific, eight in emerging markets and four becoming part of the Russell Greater China Index.