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The 10-year outlook for the global stock market is likely to be attractive despite elevated market volatility, below-average growth projections and short-term interest rates around 0% in the U.S. That’s according to the latest research from mutual fund manager Vanguard.

Energy stocks were especially hard hit Tuesday as the Dow Jones Industrial Average closed off 20.81 points to 12,632.91 while the Nasdaq inched up 1.90 points to end at 2,813.84.

FINRA has filed an enforcement complaint against David Lerner, the operator of a brokerage aimed at retail investors, claiming he misled investors when he tried to quell customer concern about an action taken against his firm for its marketing of real estate securities.

The Municipal Securities Rulemaking Board is urging the Federal Reserve Board, the SEC and other financial regulators to exempt all municipal securities from the Volcker Rule, warning the failure to do so would bifurcate and hurt the municipal market without increasing the soundness of the banking system.

Bennett Group Financial Services launched four mutual funds available through financial professionals, banks, brokerages and insurance companies for their clients. The new additions are the Bennett Conservative Fund; Bennett Moderate Fund; Bennett Growth Fund; and Bennett Aggressive Growth Fund.

Lynne A. Goldman, Fidelity Investments Institutional Services' executive vice president of investment product management and marketing, talks about how the business helps advisors help investors.

Investment Guidance Solutions introduced a software tool for mutual fund investing, that gives buy or sell signals based on whether it is better to be invested in a specific fund or in cash.

The SEC sanctioned Florida-based 1st Discount Brokerage and a former executive vice president for failing to supervise an advisor who was operating a Ponzi scheme.

Fidelity Charitable, operator of the nation’s largest donor-advised fund program, said its donors set records in 2011 both in the amount of money contributed to the fund and in the amount that was taken out of the fund and granted to charities.

The firm joins several others, including Ladenburg Thalmann, Cetera and LPL Financial, to offer subsidized FSI memberships to advisors.

Investment Guidance Solutions introduced a software tool for mutual fund investing, that gives buy or sell signals based on whether it is better to be invested in a specific fund or in cash.

Bennett Group Financial Services (BGFS) announced the launch of four mutual funds currently consisting of A shares available through financial professionals, banks, brokerages and insurance companies for their clients. The new additions are the Bennett Conservative Fund; Bennett Moderate Fund; Bennett Growth Fund; and Bennett Aggressive Growth Fund.

Fidelity Investments Institutional Services has been rebranded as Fidelity Financial Advisor Solutions. Lynne A. Goldman, its senior vice president for investment product management and development, talked with MME about how the business helps advisers help investors.

Affiliated Managers Group reports that for the fourth quarter of 2011, Economic earnings per share were $1.76, compared to $2.02 for the same period of 2010, while diluted earnings per share for Q4 of 2011 were $0.77, compared to $1.18 for the same period of 2010.

As voters in Florida head to the polls Tuesday to decide who will take on President Obama in November, you can bet many will be have another kind of change in mind. On average, the S&P 500 has improved 14% in the fourth year of a Democratic administration. But this year could be much different, based on statistics so far for the Obama term.

Legacy expert attorneys Andy and Danielle Mayoras say most of music diva Whitney Houston’s purported financial woes could have been averted had she and her family sought out and received professional financial and estate planning advice before things turned sour.

Addison Avenue Investment Services, the investment program of First Tech Federal Credit Union, has transferred to Raymond James as its broker-dealer.

Brian Saltzman, formerly with AllianceBernstein in New York City, has joined Neuberger Berman Group LLC as a wealth advisor and vice president in the firm’s Manhattan office.

Will the recent SEC risk alert chill the use of social media by asset management firms? Or simply put it on ice?

The assets of the nation’s mutual funds were flat in December, gaining $12.3 billion.