SEC Enforcement Head Resigns Amid Madoff Probe

Law360, New York (February 9, 2009, 12:00 AM EST) -- Amid criticism stemming from the Madoff scandal, U.S. Securities and Exchange Commission Director of Enforcement Linda Thomsen is stepping down and could be replaced by Deutsche Bank AG General Counsel Robert Khuzami, according to reports.

The SEC, facing criticism that the Enforcement Division should have detected Bernard Madoff’s alleged massive $50 billion fraud scheme earlier, before the losses mounted to such dramatic heights, announced Thomsen’s departure on Monday.

The Wall Street journal reported that a source close to the matter had said that Robert Khuzami, who...
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