Monthly Archives: September 2010

Did SEC Hide Botched Stanford Probe? I.G. Says Timing Is “Suspicious”

By Phil Trupp In the style of “Mad” magazine, it’s the season of con vs. con at the Securities and Exchange Commission — only no one’s laughing. Word on the inside is that the Commission covered up — or at least ignored — an investigation of billionaire R. Allen Stanford, who is awaiting trial in […]

Federal authorities are considering whether to prosecute a former securities regulator in Fort Worth who repeatedly quashed investigations of R. Allen

Federal authorities are considering whether to prosecute a former securities regulator in Fort Worth who repeatedly quashed investigations of R. Allen Stanford’s offshore banking empire. Securities and Exchange Commission Inspector General David Kotz reported earlier this year that Spencer C. Barasch had “a significant role” in decisions not to formally investigate Stanford, who the SEC […]

Senators probe inaction against Stanford

By MENGFEI CHEN Copyright 2010 Houston Chronicle Angry senators grilled top officials of the Securities and Exchange Commission on Wednesday, citing the agency’s delays in taking action against accused swindler R. Allen Stanford despite repeated red flags about his financial firm’s operations. Lawmakers sharply questioned Rose Romero, the director of the SEC’s Fort Worth regional […]