Tags: sec

SEC Top Enforcer Thomsen to Resign

Monday, 09 Feb 2009 12:34 PM

The U.S. Securities and Exchange Commission's top enforcement official, Linda Thomsen, is expected to resign Monday, CNBC television said.

Former Assistant U.S. Attorney Robert Khuzami is expected to replace her as the SEC's enforcement director, one source familiar with the matter told Reuters over the weekend.

Another source said Thomsen had scheduled to speak to her staff and the entire enforcement division late Monday morning. It was not immediately known if she would stay on until Khuzami starts at the agency, the source said Monday.

The SEC declined to comment.

The enforcement division has been heavily criticized for how it handled the Bernard Madoff case, in which the former financier is accused of defrauding investors of $50 billion.

Reuters reported on Saturday that an announcement on Thomsen's replacement was expected as early as this week. Another source said Thomsen was going to resign early this week.

Thomsen was appointed SEC enforcement chief in 2005 under former SEC Chairman William Donaldson and remained in that position under former SEC Chairman Christopher Cox.

New SEC Chairman Mary Schapiro is under pressure to restore the agency's reputation as a tough policeman on Wall Street.

© 2015 Newsmax. All rights reserved.

Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.

You May Also Like
Around the Web
Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved