February 9, 2009
Changes in Leadership at SEC
A change in leadership in the SEC's Enforcement Division was probably inevitable after the Madoff scandal, the Congressional anger at the SEC staff expressed during recent hearings, and SEC Chair Schapiro's promise to get tough. Today the SEC announced that Linda Chatman Thomsen was returning to the private sector, and the press reported that the new Director of Enforcement would likely be a former federal prosecutor, Robert Khuzami. WSJ, SEC Expected to Name Khuzami Enforcement Director.
In another change at the top, the SEC announced last Friday that David Becker, who was General Counsel at the SEC from 2000-02 under Arthur Levitt, will return to that position and, in addition, will be Senior Policy Director.
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