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.

And, in the words of Lori Richards, the former director of the SEC’s Office of Compliance Inspections and Examinations, examiners are now very keen on high-profile risk and generating headlines through big, groundbreaking cases.

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