SEC sued for ‘inexcusable acts of negligence’
Allen Stanford investors claim regulators should have glommed on to the Ponzi scheme much earlier.
The U.S. Securities and Exchange Commission was sued by eight of indicted financier R. Allen Stanford’s investors, who claim regulators’ negligence and misconduct caused their losses.
The investors, in a lawsuit filed yesterday in federal court in Dallas, said regulators should have investigate
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