The Wall Street Journal is reporting that Mary Schapiro has chosen Robert Khuzami, a former federal prosecutor and currently a lawyer at Deutsche Bank, to replace Linda Chatman Thomsen as head of enforcement at the SEC.
This is getting confusing. Linda Thomsen hasn't officially been given the heave-ho, but the speculation has already provoked strong reaction - see: Linda Thomsen: Scapegoat at Race to the Bottom.
Elliot Ness-ification of securities enforcement seems to be the coming trend.
Update: late this afternoon, the SEC announced that Linda Thomsen is resigning.
Monday links: paying what you owe
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