Convicted Texas financier Allen Stanford haunted the U.S. Securities and Exchange Commission’s Fort Worth office long after he was arrested in June 2009. The office was battered by scathing criticism from Congress and within the agency for allegedly missing or ignoring clues for years that Stanford was running a $7 billion Ponzi scheme.
But in the past year the office has undergone a sort of corporate turnaround, with new leadership, a more inventive approach to policing market players, and a patched-up relationship with the SEC’s headquarters in Washington.
via Blamed over Stanford, SEC’s Texas office plots comeback – SouthBendTribune.com
