SEC management under fire again in $20m lawsuit


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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