Mutual fund firms, take heed: a new sheriff may soon take over at the SEC
. The Wall Street Journal
's Kara Scannell reports
that Deutsche Bank
attorney Robert Khuzami
will soon step in for Linda Thomsen
as head of enforcement for the commission.
Prior to his work at Deutsche, Khuzami led the Manhattan U.S. attorney's office's securities fraud unit, successfully prosecuting a Ponzi schemer for cheating 12,000 investors out of $700 million.
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