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New SEC rules that take effect May 28 are also making money funds wary.

The Internal Revenue Service, concerned that some Build America Bonds are being sold to investors at prices that are too high, is urging municipal issuers to track the trading of their BABs through the Electronic Municipal Market Access system and to question underwriters about the pricing.

Senate Democrats tapped mostly liberal members Tuesday to be conferees on the regulatory reform bill, making it harder for the banking industry to remove provisions it considers too tough.

With the SEC money market fund rules taking effect this Friday and the Libor up sharply, fund managers are reportedly beginning to see lending to European banks as too much of a risk. The bigger worry is this pullback has the potential to lead to another credit crunch like the one that nearly crippled the capital markets in 2008.

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.

Barclays Wealth study show that despite the recovery, high-net-worth individuals, especially in developed countries fear another dip.

Planning starts to replace panic in some investors’ crash-recovery strategies.

BOSTON -- The National Investment Company Service Association (NICSA) has elected Michael J. Woodall, managing director of Putnam Investments' Mutual Fund Shareholder Services, as its new chairman.

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.

While all of the big banks have repurchased or converted preferred stock, and two-thirds of the regionals have followed suit, community banks are expected to hold the vast majority of unpaid Tarp funds on their balance sheets by the program's two-year anniversary.

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.

Vanguard founder John Bogle says the mutual fund industry should care more about its shareholders, focus more on long-term investing and create better corporate governance standards.

According to a survey conducted in the first quarter by the Insured Retirement Institute released Monday the overall outlook for the annuity industry is positive. While some challenges remain, respondents indicated the growth industry’s opportunities are strong, with growth for variable annuities ranking 4.1 on a five-point scale, and fixed ranking 3.2 on the same scale.