SEC's Top Enforcer Resigning in Madoff's Wake

SEC

www.newsmax.com

WASHINGTON – The U.S. Securities and Exchange Commission's top enforcement official, Linda Thomsen, is expected to resign on 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 on Monday.

(visit the link for the full news article)



[edit on 9-2-2009 by JBA2848]

The best news I heard yet coming out the The U.S. Securities and Exchange Commission. They need to make people accountable for failure and not just ignore incompetence. Hopefully there will be more of this in the future we can only hope. I would love to see what others feel about this and if they beleive it is a step in the right direction.

www.newsmax.com
(visit the link for the full news article)

Good.

Hopefully he's replaced with someone who "forgets" to pay his taxes.

*crosses fingers*

reply to post by David9176

Its a she. heres a video where she is being reemed by congress.
You (SEC) HAVE TOLD CONGRESS NOTHING! SEC Violation of false advertising laws

well that's something at least
an average joe would've just been fired ....