US SEC enforcement chief: How to avoid trouble

Author: Danielle Myles | Published: 17 Aug 2012

US Securities and Exchange Commission (SEC) enforcement chief Robert Khuzami has reason to be happy. His division recently secured one of the country’s highest-profile insider trading convictions, filed more cases in 2011 than any previous year (leading to $2.8 billion in penalties and disgorgements) and has successfully revamped the Commission’s whistleblower programme.

Khuzami’s division was left relatively untouched by Dodd-Frank. But the Commission’s expanded jurisdiction means the enforcement unit is about to get a lot busier. He spoke to IFLR recently.

At the start of 2010 you said the introduction of cooperation, deferred prosecution and non-prosecution agreements could be a game-changer for the division. How successful have they been?

I think it’s been very successful. Looking...