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SEC Asks 5th Circ. To Block Stanford Clawback Bid

By Evan Weinberger (August 11, 2009, 3:46 PM EDT) -- The U.S. Securities and Exchange Commission has asked a federal appeals court to block a court-appointed receiver's bid to seek $400 million in clawbacks from individual investors in the fraud case against Texas billionaire Robert Allen Stanford, saying that such an action would be inequitable....

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