Monday, April 19, 2010

Yikes. SEC enforcement officials refused to pursue Stanford

Last Friday, the SEC inspector general laid out in a report how SEC enforcement officials in the agency's Ft. Worth, Texas office refused repeated efforts by SEC examination staff to get them to pursue Allen Stanford's suspected ponzi scheme.

The roadblocks in the case appear to be Jeffrey Cohen, an assistant director of enforcement program;

Spencer Barasch, a former enforcement assistant director and now a partner with Andrews Kurth LLP; and
Harold Degenhardt, former district administrator of the Ft. Worth office.