Alerts

Director of SEC Division of Enforcement Announces Sweeping Changes

August 10, 2009

On Aug. 5, 2009, Robert Khuzami, the Director of the SEC’s Division of Enforcement (the “Division”), announced several new initiatives resulting from the Division’s self-assessment during his first 100 days as Director. Those initiatives include creating dedicated units focusing on asset managers, structured products, and foreign corrupt practices. Other changes are designed—and can be expected—to reduce the delays that in the past have preceded the Division’s staff’s obtaining subpoena power and initiating enforcement actions.