Ex-SEC Atty Settles Stanford Conflict-Of-Interest Claims

Law360, New York (January 13, 2012, 4:28 PM EST) -- A former U.S. Securities and Exchange Commission attorney has agreed to settle for $50,000 allegations that he privately represented alleged Ponzi schemer R. Allen Stanford after encouraging the SEC not to investigate him, the U.S. Department of Justice announced Friday.

Spencer Barasch, former head of enforcement in the SEC's Fort Worth, Texas, office, did not admit to the DOJ's allegations, but agreed to the civil settlement to resolve the claims, according to the DOJ's statement.

Barasch, now an attorney at Andrews Kurth LLP, left the SEC...
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