Portfolio

Kenneth A. Johnson, the Securities and Exchange Commission’s new chief financial officer as of last Friday, takes over the agency’s financial operations just as the regulator prepares to amass a bigger operating budget and beef up examinations of mutual fund complexes and hedge funds to get ahead of systemic risk and ponzi schemes of the Madoff magnitude.

High-net-worth individuals in developed markets are far more downbeat about global economic prospects than those in emerging markets, according to Barclays Wealth Insights Volume 11: The Changing Wealth of Nations.

If the recession has any pluses at all, it’s that people now seem to be more mindful of how uncertain the market—and their future—really is.

The Financial Industry Regulatory Authority has censured and fined Piper Jaffray & Co. $700,000 for failing to retain about 4.3 million e-mails over a six-year period and for not alerting FINRA that it was having problems with its e-mail retention and retrieval.

Stevens says bank-like regulations could hurt mutual funds.

Current trading culture in fund industry runs contrary to basic investing principles, Jack Bogle says.

Former top PIMCO executive looks for new direction for firm.

The Financial Industry Regulatory Authority has censured and fined Piper ­Jaffray & Co. $700,000 for failing to retain about 4.3 million e-mails over a six-year period and for not alerting FINRA that it was having problems with its e-mail retention and retrieval.

As the two chambers of Congress begin to hammer out a single financial regulatory reform bill over the next several weeks, industry groups have mixed views about a provision in the Senate bill that would prohibit banks from engaging in proprietary trading but exclude municipal, Treasury and federal agency securities from the ban.

Janus Capital Group CEO Richard M. Weil is planning to reshape his company from its domestic stock focus into a global, multi-asset management powerhouse.