Morning Reading: ‘Team Khuzami’ In The News

Here at the Financial Fraud Law blog, we have covered most if not all of the recent changes in senior personnel at the Securities and Exchange Commission. Today, the New York Times puts those changes together in an article by Jenny Anderson and Zachery Kouwe entitled, “The Enforcers.” 

Unfortunately for the SEC’s efforts to repair its image, the article’s first words are “Bernard L. Madoff.” Madoff’s name also appears in the second paragraph – as well as the fourth, fifth, sixth, and seventh paragraphs. Somehow, it’s not in the third paragraph – although the Ponzi scheme is discussed there.
 
The article talks about the people now in charge at the SEC who are seeking to police Wall Street, including Robert S. Khuzami, the S.E.C. head of enforcement; the head of the commission’s new Office of Market Intelligence, Thomas A. Sporkin; Kenneth Lench, who heads the structured products group; Daniel M. Hawke, head of the market abuse unit; Norm Champ, an associate director in the examinations group in New York; and Richard Bookstaber, of the new division of risk, strategy and financial innovation.
 
Oh, there’s a photo accompanying the online article of Elaine Greenberg, associate district administrator for enforcement in the SEC’s Philadelphia office, but she’s not mentioned in the article. And another photo, a group shot of Khuzami’s team, includes Cheryl Scarboro (an associate director of the SEC’s division of enforcement), Robert B. Kaplan (a co-chief of the new asset management unit), and Lorin L. Reisner (deputy director of the division of enforcement).
 
The article can be found at http://www.nytimes.com/2010/02/09/business/09sec.html?pagewanted=1&hpw.