Monthly Archives: October 2009

Receiver Goes after Law Firms

By Hazra C Medica Court-appointed receiver Ralph Janvey has turned the spotlight on two law firms. The Miami Herald reported over the weekend that Janvey, who has been working with federal agents, is now pressing for more information directly from Stanford’s lawyers. The receiver has made a request for legal files provided to R Allen […]

Finra Missed Chances to Catch Stanford and Madoff

By Joshua Gallu, David Scheer and Ian Katz The Financial Industry Regulatory Authority didn’t fully probe transactions at Bernard Madoff’s firm and repeatedly failed to investigate tips about R. Allen Stanford’s alleged $7 billion fraud, an internal report found. Employees at the U.S. brokerage industry’s main regulator must more aggressively exercise their authority, and escalate […]