SEC management under fire again in $20m lawsuit

sec

The US Securities and Exchange Commission (SEC) has come under fire again for its botched handling of the Allen Stanford fraud investigation, with David Weber, formerly assistant inspector-general for investigations, filing a $20 million lawsuit including allegations of incompetence, collusion, harassment and sloppy security.

SEC chairman Mary Schapiro was criticised last year by inspector-general David Kotz for failing to deal with conflict of interest issues surrounding the resolution of the

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