We Know It Missed Madoff, But Story Says SEC To Get Slammed On Stanford

The failures of the Securities and Exchange Commission in the Madoff case have been well discussed here and, it seems, almost everywhere else. Now, the SEC Inspector General is expected to criticize the SEC when he releases a report soon examining the SEC's actions in the case involving R. Allen Stanford, who is awaiting trial in Texas. 

In a Reuters story, Matthew Goldstein and Rachelle Younglai, write that the SEC Inspector General is expected to suggest that the SEC should have been more diligent – and should have stopped Stanford – earlier.
 
Our prior posts on this story are available at http://www.financialfraudlaw.com/lawblog/finra-grades-itself-%E2%80%9Cf%E2%80%9D-too/347, http://www.financialfraudlaw.com/lawblog/attorney-general-calls-financial-fraud-%E2%80%98one-greatest-and-most-glaring-threats-facing-our-eco, http://www.financialfraudlaw.com/lawblog/more-kudos-preview-2010%E2%80%99s-white-collar-trials-and-tribulations/609, http://www.financialfraudlaw.com/content/r-allen-stanford%E2%80%99s-new-lawyer-robert-luskin-who-replaces-dick-deguerin, http://www.financialfraudlaw.com/content/do-not-pass-go-stanford-bond-may-be-revoked, http://www.financialfraudlaw.com/content/bail-revoked-alleged-ponzi-schemer-stanford, http://www.financialfraudlaw.com/content/my-mom-r-allen-stanford-and-air-conditioning-together-financial-fraud-law-blog, and http://www.financialfraudlaw.com/lawblog/r-allen-stanford-fraud-trial-set-january%E2%80%A62011/592.
 
The Reuters article is at: http://blogs.reuters.com/matthew-goldstein/2010/04/14/sec-watchdog-to-fault-stanford-probe-sources/.