WASHINGTON (Reuters) - The Securities and Exchange Commission will announce on Monday that its top enforcement official, Linda Thomsen, plans to leave the agency and return to the private sector, a source familiar with the matter 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 Monday morning. It was not immediately known if she would stay until Khuzami starts at the agency, the source said on Monday.
The source said the SEC was due to make the announcement at 1:30 p.m. EST (1830 GMT) on Monday.
The SEC declined to comment.
The enforcement division has been heavily criticized for how it handled the case of Bernard Madoff, the former financier who is accused of defrauding investors of $50 billion.
Reuters reported Saturday that an announcement on Thomsen's replacement was expected as early as this week.
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 Monday morning. It was not immediately known if she would stay until Khuzami starts at the agency, the source said on Monday.
The source said the SEC was due to make the announcement at 1:30 p.m. EST (1830 GMT) on Monday.
The SEC declined to comment.
The enforcement division has been heavily criticized for how it handled the case of Bernard Madoff, the former financier who is accused of defrauding investors of $50 billion.
Reuters reported Saturday that an announcement on Thomsen's replacement was expected as early as this week.
Madoff whistleblower
(01:24) Report
Feb. 4 - Harry Markopolos said he feared for his family's safety after he blew the whistle against alleged swindler, Bernard Madoff.
He blasted the Securities and Exchange Commission, saying regulators turned a deaf ear to his persistent demands over nine years that Madoff be investigated. Fred Katayama reports. SOUNDBITE: Harry Markopolos, Madoff whistleblower
Feb. 4 - Harry Markopolos said he feared for his family's safety after he blew the whistle against alleged swindler, Bernard Madoff.
He blasted the Securities and Exchange Commission, saying regulators turned a deaf ear to his persistent demands over nine years that Madoff be investigated. Fred Katayama reports. SOUNDBITE: Harry Markopolos, Madoff whistleblower
posted by Kangaroo Brisbane Australia at 4:43 PM
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