SEC and Stanford: Fox in the hen house

Seems as though the SEC enforcement head in Texas, who could have nabbed Ponzi scammer Allen Stanford years ago, was in his pay.

The SEC Inspector General said in a report released Friday that it was referring the former head of the SEC’s enforcement office in Fort Worth, Texas, to the Texas and Washington D.C. bar associations. The report found the employee, “who played a significant role in multiple decisions over the years to quash investigations of Stanford,” later sought to represent Stanford once he left the SEC.

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One response to “SEC and Stanford: Fox in the hen house

  1. pollyann's

    most of the SEC and CFTC are on the take…what’s new here?