Friday, October 16

Boys With Toys

Here's a question. If you were running a government, say like ours, where you had made significant outlays of tax dollars, wouldn't you want to find a highly qualified "sheriff" without the baggage of being a part of the industry that has caused you so much consternation to run your enforcement arm? Bloomberg reports that the Securities Exchange Commission has named Adam Storch, a former Goldman exec, as its enforcement division's first chief operating officer. Storch is actually just 29 years old and previously worked in Goldman's business intelligence unit.

The SEC's Enforcement Director who will be Storch's boss, Robert Khuzami, himself the former General Counsel at Deutsche Bank. To his credit, he had been diligent in prosecuting whilte collar crimes while in the USAG's office.

Read more at: huffingtonpost

No comments: