SEC Enforcement Director Robert Khuzami joined the agency at what was, arguably, its lowest point. Working under a tough mandate to reform the division to the satisfaction of Congress and investors, and to boost morale, he's brought about the most sweeping changes since the 1970s.

Former McKesson HBOC Chairman Charles McCall, the last defendant to be sentenced in a lengthy case involving cooked books at the company, got 10 years for securities fraud Friday, considerably less than prosecutors sought. Federal Judge William Alsup complimented lawyers on both sides for superb work but rapped McCall's defense team for trying to keep McCall out of prison pending appeal and dinged the defense for failing to preserve objections during trial.

Toyota owners claiming that massive safety recalls are causing the value of their vehicles to plummet have filed at least 89 class action lawsuits that could cost the Japanese auto giant $3 billion or more, according to an Associated Press review of cases, legal precedent and interviews with experts. Those estimates do not include potential payouts for wrongful death and injury lawsuits, which could reach in the tens of millions each.