SEC Enforcement Chief Leaves Behind Rehabbed Agency

Law360, New York (January 9, 2013, 8:52 PM EST) -- Robert Khuzami, who said Wednesday he would step down as director of the U.S. Securities and Exchange Commission’s enforcement unit after a bruising four-year term, didn’t have a perfect run but deserves credit for restoring the agency's credibility after the Bernard Madoff scandal, attorneys say.

In a widely expected announcement, the SEC said Khuzami would leave but declined to say when. The move comes after Mary Schapiro stepped down as SEC chairman Dec. 14.

Khuzami, the commission's enforcement chief since February 2009, began his term at...
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