Robert Khuzami: SEC Prosecutor Is Wall Street's Latest Enforcer

[AllentownJake]

Wall Street's wrongdoers may have officially met their match. After less than six months on the job, Robert Khuzami, the newly appointed top prosecutor at the Securities Exchange Commission, has been very busy. Last week, the head of the SEC's new enforcement division brought civil charges against billionaire Raj Rajaratnam, in what's considered to be the largest insider trading case ever.

During his short tenure, Khuzami has also brought fraud charges against former Countrywide CEO Angelo Mozilo and insider trading charges against Dallas Mavericks owner Mark Cuban. (The charges against Cuban were thrown out, and the SEC is currently appealing.)

Khuzami, who was chosen by SEC chair Mary Schapiro, has taken an approach that has "shaken the agency to the core with reforms designed to make sure it does not miss the next Madoff," according to Reuters.


Read more at: http://www.huffingtonpost.com/2009/10/20/robert-khuzami-sec-prosec_n_326912.html

[snagglepuss]

1. Impressive. Like I say when Yanks are good, they're very, very good!

Article a good read, informative. Thanks for posting. Says he never thought about law, parents were ballroom dancers.