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Former N.Y. Fed Prosecutor to Become SEC Head of Enforcement

The Securities Exchange Commission has been shamed by the Bernie Madoff case. Lots of changes need to be made so this can’t happen again. Here’s one big one.


By KARA SCANNELL
The Wall Street Journal

Former federal prosecutor Robert Khuzami will be named the new head of enforcement at the Securities and Exchange Commission as soon as this week, a person familiar with the matter said, in the latest bid by the SEC’s new chief to restore its credibility.
Mr. Khuzami, currently a top lawyer at Deutsche Bank AG in New York, was offered and accepted the position of enforcement director, this person said. He will replace Linda Thomsen, the division’s first female director, who is expected to resign this week, the person said. A spokesman for Deutche Bank declined to comment.
Mr. Khuzami and Ms. Thomsen couldn’t be reached for comment. A spokesman for the SEC and a spokesman for Deutche Bank declined to comment.

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