Tag Archives: FINRA

Stanford investors’ lawsuit heads to federal court

By Bill Lodge Eighty-nine investors defrauded by now-imprisoned Houston financier Robert Allen Stanford want $115 million from seven insurance companies in addition to claims that could total as much as $1 billion against the Louisiana Office of Financial Institutions and SEI Investments Co. But six of the insurers responded Monday by transferring the investors’ 4-year-old […]


By SEC The Commission has shown that SIPC should be required to file an application for a protective decree as to Stanford Group Company in the District Court for the Northern District of Texas. In denying the Commission’s application, the district court made two reversible errors: First, it incorrectly applied a heightened preponderance standard of […]

Motion To Intervene and To Suspend the Memorandum Opinion and Order of July, 3, 2012

By Richard R. Cheatham Pursuant to Fed. R. Civ. P. 24 Richard R. Cheatham moves to intervene in this action in order to protect his interest in the subject of the action and pursuant to Fed. R. Civ. P. 59 to suspend the Court’s Memorandum Opinion and Order of July, 3, 2012 pending reconsideration in […]


By U.S. District Judge ROBERT L. WILKINS The Court is truly sympathetic to the plight of the SGC clients who purchased the SIBL CDs and now find themselves searching desperately for relief. Robert Allen Stanford’s 110 year sentence may bring some measure of justice to the SGC clients, but it will not make them financially […]

All victims should be entitled to the protections of the SIPA

By SIVG LETTER TO THE HONORABLE JUDGE ROBERT L. WILKINS  The Honorable Judge Robert L. Wilkins US District Court for the District of Columbia 333 Constitution Avenue NW Washington D.C. 20001 The United States of America Ref. – SEC v SiPC (Case No.: 1:11-mc-00678-RLW)  Honorable Judge Wilkins: The undersigned, non-US citizens, victims of the Stanford […]

SEC Said to Prepare Vote on Cases Against Ex-Stanford Execs

By Joshua Gallu U.S. Securities and Exchange Commission investigators have proposed sanctions against at least five former Stanford Financial Group Co. executives and brokers for their roles in selling investments that fueled R. Allen Stanford’s alleged $7 billion Ponzi scheme, according to two people with knowledge of the matter. The SEC’s five commissioners are scheduled […]

How the SEC really treats “Whistleblowers” – Second Part

By WikiLeaks-Stanford I (Charles W. Rawl) feel that I am left with no ethical or practical alternative but to resign given the serious nature of these issues and their cumulative adverse effect on our clients. The reasons, which are not intended to be exhaustive, include the following: 1) The firm’s decision that the Trust Company, […]