SEC Chairman Mary Schapiro announced today that former federal prosecutor Robert Khuzami has been named Director of the SEC’s Division of Enforcement. As previously discussed here, Khuzami has been considered to be the leading candidate to replace outgoing Director Linda Thomsen.
The SEC announced that Khuzami served as a federal prosecutor for 11 years with the United States Attorney’s Office for the SDNY. He was Chief of the SDNY’s Securities and Commodities Fraud Task Force for three years, and prosecuted numerous complex securities and white-collar criminal matters, including those involving insider trading, Ponzi schemes, accounting and financial statement fraud, organized crime infiltration of the securities markets, and IPO and investment adviser fraud. He most recently served as General Counsel for the Americas at Deutsche Bank AG.
In today’s announcement, Mr. Khuzami stated that
As head of the SEC’s Division of Enforcement, the staff and I will relentlessly pursue and bring to justice those whose misconduct infects our markets, corrodes investor confidence and has caused so much financial suffering. I am honored to join Chairman Schapiro, the Commissioners and the dedicated SEC staff in this critical effort.