Khuzami, SEC Enforcement Chief, To Leave Agency, Sources Say

Departure to come early next month, with no replacement yet chosen.

Robert Khuzami, who led the U.S. Securities and Exchange Commission’s enforcement division’s pursuit of financial industry wrongdoing related to the subprime crisis, plans to step down as early as next month, three people with knowledge of the matter said.

Khuzami, 56, notified SEC Chairman Elisse Walter of his decision earlier this month, according to the people, who asked not to be identified because the matter isn’t public. Walter has yet to choose a replacement, the people said.

Discussing Replacement

Walter has been discussing who to name as Khuzami’s successor with the other three commissioners, the people said. One issue that may become a sticking point is whether it would be appropriate for her to name a permanent, rather than an acting, enforcement chief since it is unclear how long she will run the agency.

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