Sunday, 24 July 2016
Last updated 1 day ago
Jul 23 2013 | 2:40pm ET
Former Securities and Exchange Commission enforcement director Robert Khuzami has become the latest veteran of the agency to offer his services to those he formerly pursued.
Khuzami, who stepped down as the SEC's top cop in January after four years in the post, has joined white-shoe law firm Kirkland & Ellis after months of talks with a variety of firms. The former regulator will work in both Kirkland's New York and Washington offices and will bring "invaluable public- and private-sector experience to our growth government, regulatory and investigations practice," Jeffrey Hammes, chairman of Kirkland's global management executive committee, said.
Joining Khuzami at Kirkland will be SEC enforcement lawyer Kenneth Lench, who will leave the SEC at the end of the week. Lench led the structured products enforcement unit Khuzami created, and oversaw the $550 million settlement the agency reached with Goldman Sachs over a controversial Paulson & Co.-linked collateralized debt obligation.
Khuzami oversaw the SEC's crackdown on hedge fund fraud and insider trading, and is credited with rebuilding the enforcement division following the agency's failure to detect Bernard Madoff's massive Ponzi scheme.