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. Get all the details in this post on my Enforcement Action blog over at Compliance Week.
‘Enforcement 40’ for 2020
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