It’s official: As expected the Securities and Exchange Commission has tapped former Federal Prosecutor Robert Khuzami as its new Director of the Division of Enforcement.
Khuzami, 52, replaces Linda Chatman Thomsen, who resigned earlier this month to return to the private sector. The appointment comes as the SEC faces sharp criticism for its oversight failures during the financial crisis, particularly its failure to uncover earlier the alleged massive Ponzi scheme involving money manager Bernard Madoff. Congress and the SEC’s Inspector General are conducting investigations into the handling of the case.
