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January 9, 2013             4:09 PM ET

Robert Khuzami, who led enforcement efforts at the Securities and Exchange Commission in the aftermath of the financial crisis, is stepping down, the agency said Wednesday.

Under Khuzami, the SEC brought a record 735 enforcement actions in the 2011 fiscal year, and 734 in 2012. Along with counterparts at the Department of Justice, the SEC focused in particular on insider trading during Khuzami’s tenure, and also brought charges against more than 150 individuals and entities in connection with the financial crisis, the agency said in announcing Khuzami’s departure.

An SEC spokeswoman declined to comment on Khuzami’s next move or the timing for the appointment of his successor.

Khuzami arrived at the SEC in 2009, as the chronically underfunded agency was facing criticism for failing to do more in the run-up to the financial crisis and for not spotting the Madoff fraud. He restructured the SEC’s enforcement efforts, creating specialized units for various types of crime and establishing an Office of Market Intelligence to improve the handling of tips and complaints.

“Rob’s leadership and bold ideas transformed and reinvigorated the enforcement program,” SEC chairman Elisse Walter said in a statement.

Unlike the Justice Department, the SEC can only bring civil rather than criminal charges. Among the headline cases announced under Khuzami were the $550 million settlementwith Goldman Sachs (GSFortune 500) in 2010 for allegedly defrauding investors in a sale of securities tied to subprime mortgages, and the record $93 million civil penalty for Raj Rajaratnam, the former Galleon Group hedge fund manager convicted in a massive insider trading case.

Critics, however, have faulted the SEC and Khuzami for failing to bring more cases related to the financial crisis, in particular against senior officials from the nation’s largest banks. They have also raised questions about Khuzami’s independence from Wall Street, in view of his earlier job as general counsel for the Americas at Deutsche Bank (DB).

Khuzami took on these criticisms in an unlikely move last month, posting a comment in response to a blog post on the New York Times website from former International Monetary Fund chief economist Simon Johnson.

“The criticisms and innuendos are unfounded and unfair, and ignore significant actions taken by the SEC to address the credit crisis,” Khuzami wrote. “The SEC’s record in this area surpasses any other law enforcement agency.”

An SEC spokeswoman confirmed that Khuzami authored the comment.

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Robert Khuzami was born on August 2nd, 1956 according to http://en.wikipedia.org/wiki/Robert_Khuzami

August 2nd, 1956

8 + 2 +1+9+5+6 = 31 = his life lesson = Struggles.  Controversy.  Scandal.  Things got out of hand.

Five of Wands Tarot card

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predictions for the year 2013 are at:

http://predictionsyear2013.com/

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Protesters march during an anti-austerity demonstration in Frankfurt May 18, 2012. REUTERS/Kai Pfaffenbach

Friday May 18, 2012         10:45am EDT

German police said they detained 400 anti-capitalist protesters in Frankfurt on Friday for defying a ban on demonstrations against austerity policies implemented to tackle the intensifying euro zone debt crisis.

The demonstration in the German financial capital was part of a four-day-long “Blockupy” protest, due to run until Saturday, against capitalism and swingeing austerity measures.

“Hungry? Eat a banker,” read one banner protesters held up outside the Messeturm skyscraper housing Goldman Sachs’ offices. Reuters’ Frankfurt office is also in the building.

Police closed several main roads in Frankfurt – including a main artery into the city that passes by the Messeturm – and flooded the centre with officers. There was no violence.

The protesters are angry at the misery they say governments are inflicting on people with their response to the crisis, which has intensified since inconclusive elections in Greece this month fueled concerns about its future in the euro zone.

“The Greek austerity measures are making Greece go kaputt even faster,” said protester Leonard Loch, 37, from Hamburg.

The European Central Bank reported no trouble on Friday and commercial banks, many of whom have made contingency plans to cope with the protests, said their operations were running smoothly.

“Our operating business is not curtailed. We were well prepared,” said a Commerzbank spokeswoman.

Police sealed off Deutsche Bank’s headquarters. Germany’s biggest bank said its business was unaffected.

The ECB is at the centre of the policy response to the crisis and has faced calls from politicians, investors and protesters to do more.

The central bank says it has already headed off a major credit crunch with unprecedented funding operations in December and February that unleashed over 1 trillion euros ($1.3 trillion) into the financial system.

It is pressing governments to act.

“The ECB shouldn’t give the cheap money to banks but rather to countries,” said Guenther Stamer, 62, a social worker from Kiel.

REINFORCEMENTS

Some luxury goods boutiques on Frankfurt’s most prestigious shopping street closed and boarded up their windows due to the protest, though there were no signs of damage.

The English Theatre, which is close to the ECB, cancelled performances for Friday and Saturday due to the demonstration.

Friday’s protest followed a legal scrap between activists and authorities over whether the demonstrations should be allowed to proceed.

A court on Monday gave the go-ahead for a rave dance party organized by protesters on Wednesday and protests scheduled for Saturday, but ruled against them taking place on the other days.

On Wednesday, police peacefully removed demonstrators from outside the ECB’s Frankfurt headquarters and detained 150 demonstrators on Thursday for defying a ban on protests.

Frankfurt police have drafted in reinforcements from other German states to cope with the protests. Some 5,000 police are ready to be deployed.

($1 = 0.7869 euros)

from:  http://www.reuters.com/article/2012/05/18/us-germany-blockupy-idUSBRE84H0NQ20120518

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Wednesday May 16th, 2012

May 16th, 2012

5 + 16 +2+0+1+2 = 26 = Blockupy’s life lesson and personal year = Popularity.  In the news.  Making headlines.

Page of Wands Tarot card

26 year + 5 (May) = 31 = Blockupy’s personal month (from May 16th, 2012 to June 15th, 2012) = Controversy.  Things get out of hand.

Five of Wands Tarot card

31 month + 16 (16th of the month on Wednesday May 16th, 2012) = 47 = Blockupy’s personal day = Visionary.  Thinking about the future.  Getting internationally known.

Seven of Cups Tarot card

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comprehensive summary and list of predictions for 2012:

http://predictionsyear2012.com/

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http://numerologybasics.com/

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https://www.createspace.com/3411561

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Sex Numerology available at:

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