SEC enforcement chief Khuzami to step down-Bloomberg
WASHINGTON Dec 20 (Reuters) - Robert Khuzami, the head of the U.S. Securities and Exchange Commission's enforcement division, plans to step down as early as next month, Bloomberg reported on Thursday.
Khuzami notified SEC Chairman Elisse Walter of his decision earlier this month, according to Bloomberg, which cited three people with knowledge of the matter.
Khuzami, a former federal prosecutor and bank executive, came to the SEC in 2009 to help reshape the agency's enforcement efforts amid criticism that it missed the $65 billion Bernard Madoff Ponzi scheme and other major frauds.
In his tenure with the agency, Khuzami oversaw efforts to pursue financial institutions that contributed to the subprime mortgage crisis.
SEC spokesman John Nester declined comment. Khuzami did not immediately respond to a request for comment.
- WTO overcomes last minute hitch to reach its first global trade deal
- Colorado baker discriminated by denying gay couple wedding cake: judge
- Flights delayed as air pollution hits record in Shanghai
- U.S. freeze shows no sign of weekend melt after deadly storm
- Australia foreign minister downplays China air defense zone tension in visit