Ex-Exec Says SEC, Others Conspired Against Stock Biz

Law360, New York (May 19, 2011, 6:12 PM EDT) -- Richard Goble, an ex-director of North American Clearing Corp. who was hit with a $7,500 judgment in a U.S. Securities and Exchange Commission fraud suit, fired back with a complaint of his own Wednesday accusing the SEC of negligence and conspiracy.

The SEC, the Securities Investor Protection Corp., two SIPC lawyers and two of Goble's erstwhile colleagues — former North American Clearing executives Timothy Ward and Bruce Blatman — all conspired to accuse Goble of illegally liquidating customer accounts, destroying the Florida broker-dealer, his damages lawsuit...
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