Money Management Executive Latest News

Americans’ financial outlook is ending 2011 with a continued rise in confidence, the Country Financial Security Index shows. The index rose 1.6 points in December, to end the year at 64.8.

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

The U.S. Attorney’s Office for the Southern District of New York said that the former controller of accounts at Bernard L. Madoff Investment Securities pled guilty to four counts of falsifying records.

Market volatility is pushing fund managers to look for robust investment risk management systems, says a report from financial consultancy Celent.

More than 80% of investment advisors would prefer to pay user fees to fund greater SEC oversight than to be overseen by a self-regulatory organization, a major new study found.

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.

A new rule proposed by FINRA to help carrying and clearing firms transfer customer accounts if they go bust will be too cumbersome and costly to follow.

Most couples disagree on a lot of important points when it comes to retirement planning. That lack of agreement can translate into lost financial planning business, making it important for advisers to get couples to work together, according to Fidelity Investments.

The Insured Retirement Institute Friday responded to the Federal Insurance Office’s request for comment on how to modernize insurance regulation in the U.S.

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