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ARTICLE · 21 AUGUST 2009

SEC Director Of Enforcement Discusses Changes Within The Division

Cozen O'Connor
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In a speech before the New York City Bar Association on August 5, 2009, Robert Khuzami, the director of the U.S. Securities and Exchange Commission’s (the “SEC”) Division of Enforcement (the “Division”), discussed the restructuring of and changes in operations within the Division, as well as recent enforcement actions that the Division has initiated.

United StatesFinance and Banking
Ralph De Martino
Ralph De Martino
Jessica Garvin
Jessica Garvin

In a speech before the New York City Bar Association on August 5, 2009, Robert Khuzami, the director of the U.S. Securities and Exchange Commission's (the "SEC") Division of Enforcement (the "Division"), discussed the restructuring of and changes in operations within the Division, as well as recent enforcement actions that the Division has initiated. The changes within the Division come in the wake of harsh criticism of the SEC for failing to detect and prevent the Bernard Madoff scandal.

CHANGES TO THE DIVISION'S STRUCTURE AND OPERATIONS

Director Khuzami, who has held such title for just over 100 days, highlighted five new initiatives that the Division is implementing and which are aimed at enhancing investor protection.

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