WASHINGTON (AP) — Robert Khuzami is leaving the Securities and Exchange Commission after leading the agency’s efforts to penalize the nation’s largest banks for actions that triggered the 2008 financial crisis.
The SEC announced Khuzami’s resignation Wednesday. He was named enforcement director in February 2009, just months after the crisis peaked. In his four years at the helm, he spearheaded investigations that accused banks of misleading investors about risky mortgage securities.
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