Enforcement Director Robert Khuzami will leave the agency after nearly four years of leadership with the Securities and Exchange Commission.
During his time in the role, the Enforcement Division took a number of significant actions linked to the financial crisis and brought a record number of cases of insider trading and misconduct under investigation.
“Rob’s leadership and bold ideas transformed and reinvigorated the enforcement program,” said Chairman Elisse B. Walter. “Under his direction, the Division not only produced record results, but embraced changes that in the years to come will enable the talented staff to better protect investors through increased efficiency, expertise, and strategic focus.”
Khuzami was named Enforcement Director in 2009. He focused on pursuing financial crisis misconduct upon assuming his role.
Since Khuzami entered the position, the Division charged more than 150 individuals and entities with wrongdoing, including 65 CEOs, CFOs and other senior corporate officers. These cases resulted in $2.68 billion in financial relief for harmed investors.
Khuzami said, “I have spent half my career in public service, and nowhere is there the level of professionalism, skill, and talent on such a large and coordinated scale as there is in the SEC’s Division of Enforcement. They have inspired me, educated me, and motivated me to do my very best, and for that I am eternally grateful.”