Sunday, 21 December 2014
Last updated 1 hour ago
Jan 10 2013 | 1:27am ET
Robert Khuzami, the Securities and Exchange Commission's top cop who oversaw the regulator's crackdown on hedge fund fraud and insider trading, is leaving the agency.
Khuzami, who spent four years as the SEC's director of enforcement, will step down at the end of the month, the SEC said yesterday. His exit follows that of SEC Chairman Mary Schapiro, who named him to the enforcement post in the wake of the Bernard Madoff Ponzi scheme, which the SEC failed to detect.
Khuzami, a former federal prosecutor, did not explain why he was leaving or what he planned to do. He said only that the "time has come" for his exit.
Khuzami is credited with rebuilding the enforcement division following the Madoff embarrassment. His successor will be named by new SEC Chairman Elisse Walter, who is reportedly considering deputy enforcement director George Canellos and the heads of the SEC's Boston and Philadelphia offices, David Bergers and Daniel Hawke, for the job. Matthew Martens, the enforcement division's chief litigation counsel, is also a possibility.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.