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Web Watch: Best Blog Posts and Columns For the Week Ending Feb. 27. http://is.gd/l9Jt # Court Again Allows Claims Against Parmalat Auditors to Proceed. http://is.gd/l97G # Stanford Investor Sues SEC for Seizing all Accounts Held at Stanford. http://is.gd/l6OR # Carpenter Moore Study Finds Financial Services Cos. Now Pay Highest D&O Premiums. http://is.gd/l5gH # SEC Testimony […]
Here is the weekly summary for Securities Docket’s Web Watch (”This Week’s Best Blog Posts and Columns”): FREAKONOMICS (Feb. 26, 2009): Would a Fraud Bounty Have Exposed Madoff Years Ago? “People on Wall Street are not Mother Teresas. They are not going to the SEC unless there is something in it for them.” DOUGLAS KOFF […]
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Fox Business News reports in the video below on a lawsuit filed against the SEC by an investor who had his retirement account at Stanford seized, along with those of 30,000 other account holders. According to the video, the investor alleges that the seizures constitute a violation of the Fourth and Fifth Amendments to the […]
SEC testimony can sometimes be tedious and uneventful, but that certainly does not appear to have been the case with respect to the February 10, 2009, SEC testimony of Stanford Financial Group chief investment officer Laura Pendergest-Holt. Her testimony has been quickly followed by the lawyer for Stanford Financial withdrawing from the case altogether and “disaffirming” his prior statements to authorities, as well as her arrest yesterday by the DOJ for allegedly concealed her role in and familiarity with the Antigua bank’s investments during her SEC testimony.