The American Lawyer’s David Bario has one of the first articles that goes beyond the SEC’s initial press release on incoming Enforcement Director Robert Khuzami to provide some additional details into Khuzami’s personality and management style.
The article notes that “by all accounts, the new enforcement chief at the Securities and Exchange Commission is no wallflower–which is a good thing for a unit as battered and bruised as the one he now heads.” Former colleagues in the US Attorney’s Office for the SDNY describe Khuzami as an aggressive enforcer. Richard Zabel of law firm Akin Gump, who worked with Khuzami in the SDNY, stated that “[t]he job’s going to be second nature for him…. You don’t wind up as chief of securities fraud [in the Southern District] unless you’re confident enough to be aggressive,” Zabel said.
Another SDNY alumni, Wachtell, Lipton’s David Anders, told the American Lawyer that “[n]ot only was he a great guy and very smart, but he was a particularly good manager while I was there.” The article concludes that with an aggressive Khuzami coming in, and in the current regulatory environment, it’s “probably not a good time to be in hot water with the SEC, or even to skirt the edge of trouble.”