The SEC was told to stand down in its investigation of Allen Stanford and his firm by the Department of Justice, according to Congressman Dennis Kucinich. Kucinich, who is also the chairman of the Domestic Policy Subcommittee of the Oversight and Government Reform Committee, confirmed to the FOX Business Network that
“It is our understanding that the SEC deferred to the Department of Justice, which began a concurrent criminal investigation of the Stanford Group, and that the SEC’s own investigation of suspected law breaking was active throughout.”
