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You are here News Congress Kucinich: Who Told SEC to "Stand Down" on Stanford Probe?

Kucinich: Who Told SEC to "Stand Down" on Stanford Probe?

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Chairman of the Domestic Policy Subcommittee, Congressman Dennis Kucinich (D-OH) today sent a letter to Ms. Mary Schapiro, Chair of the Securities and Exchange Commission (SEC) requesting documents that could reveal which government agency told the SEC to "stand down" rather than take enforcement action against the Stanford Group in October 2006 as has been reported by the New York Times.

Recent media reports have indicated that the SEC was aware of improprieties at Stanford Financial Group as early as October 2006, but withheld action at the request of another government agency.

TVNL Comment: At the "request" or due to an "order?" Big difference, no matter how you look at it.

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