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Khuzami Provides Update on ‘09 Results, Changes
SEC Enforcement Director provides update on results and initiatives in speech.
SEC Commissioner Paredes Calls for Less Lawyers, Deeper Understanding of Markets at Agency
Commissioner says SEC needs more staff with a deep understanding of financial markets.
Khuzami Announces Major Enforcement Initiatives
In a speech yesterday before the New York City Bar Association marking the end of his first 100 days as Director of the SEC Division of Enforcement, Robert Khuzami formally announced several important changes to the Enforcement program. Full details are available in this post on my Enforcement Action blog over at Compliance Week.
Copy of Robert Khuzami’s “First 100 Days” Speech Announcing Enforcement Initiatives Available Here
A copy of SEC Enforcement Director Robert Khuzami’s “First 100 Days” speech from August 5, 2009 announcing numerous important Enforcement initiatives is available here.
SEC’s Khuzami to Speak on His “First 100 Days as Director”
This evening, Robert Khuzami, the SEC’s Director of Enforcement, will address the New York City Bar Association on the subject of his “First 100 Days as Director of the SEC Division of Enforcement.”
According to the Association’s announcement,
Mr. Khuzami will address the three-month self-assessment the Enforcement Division has undertaken to evaluate how it can be more [...]
Today’s Testimony of SEC Chairman Mary Schapiro Before Senate Subcommittee
Today, SEC Chairman Mary Schapiro testifies before the U.S. Senate Committee on Appropriations’ Subcommittee on Financial Services and General Government. A copy of her prepared testimony is available here. Key sections of her testimony are laid out below:
»»REINVIGORATING SEC ENFORCEMENT
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Our Division of Enforcement has been working diligently. Since the end of January,
• We have filed [...]
SEC’s Schapiro: 150 Active Hedge Fund Investigations Ongoing
In a speech today at the Society of American Business Editors and Writers convention in Denver, Colorado, SEC Chairman Mary Schapiro stated that the agency now has approximately 150 active hedge fund investigations and about 50 current probes involving credit default swaps. Reuters reports that Schapiro added that the SEC also has about two dozen [...]
Luis Aguilar: The Enforcement Commissioner
Commissioner Luis Aguilar joined the SEC in July 2008. In his short time at the SEC, Aguilar has quickly positioned himself as the SEC Commissioner with the strongest interest in enforcement issues. In several speeches over the past eight months, Aguilar has taken strong positions advocating changes in the enforcement program and even being critical [...]
SEC: “Stay Tuned” for More Subprime-Related Enforcement Actions
Rosalind Tyson, regional director of the SEC’s Los Angeles office, stated today at PLI’s 2009 SEC Speaks that the SEC expects to file additional subprime-related enforcement actions and has dozens of “very active” investigations underway. “We expect to be filing additional actions in this space, stay tuned,” she said.
Reuters reports that Tyson said the agency [...]
SEC Chairman Schapiro Announces Immediate Measures to Bolster Enforcement
SEC Chairman Mary Schapiro delivered a speech this morning at PLI”s 2009 “SEC Speaks” conference that announced several important new Enforcement Division initiatives, including the end of the SEC’s two-year “penalty pilot” experiment and the implementation of a system permitting more rapid approval of formal orders of investigation.
Full details and a copy of the speech [...]