Following SEC Director of Enforcement Robert Khuzami’s formal announcement today that he will be leaving the agency, he received praise from an interesting source–U.S. District Judge (and arch-SEC nemesis) Jed Rakoff. Asked by The New York Times to comment on Khuzami’s four years running the Enforcement Division, Judge Rakoff stated that although he and Khuzami “sharply disagree about some matters, overall I think he has done a terrific job. Most important, he has restored a sense of pride and purpose to the SEC enforcement division, and we are all the better for it.”
via After Restoring “Pride and Purpose,’ Khuzami Departs SEC’s Enforcement Division – Compliance Week
