Monthly Archives: November 2010

SEC Eyed for Negligence in Enforcement Cases

By Rachelle Younglai A federal watchdog is investigating whether a senior Securities and Exchange Commission official bungled an examination associated with a “major” investment adviser enforcement case in 2009. The senior official at one of the SEC’s regional offices allegedly told staffers not to pursue certain red flags in an investment adviser examination, according to […]

SEC Did Nothing to Stop Stanford Ponzi Scheme for Years

By Jack Kelly Newly released documents detail 12 years of fits and starts at the Securities and Exchange Commission as financier Allen Stanford was allegedly running a global Ponzi scheme. At one point, an SEC official laments in an e-mail, “Before I retire, the Commission will be trying to explain why it did nothing.” The […]

Allen Stanford beaten up by jail inmates

By Daily Mail Reporter Bloodied and bruised, this is the shocking picture of cricket tycoon Allen Stanford after a beating by jail inmates. His neck in a brace, his eye bleeding and half-closed and his head bandaged. The final humiliation for Stanford, 61, awaiting trial accused of masterminding a $7 billion fraud, was his feet […]