Top SEC Attorney Quashed Probes, Tried to Defend Swindler

A former top attorney for the SEC was found to have quashed numerous investigations of accused swindler R. Allen Stanford according to an internal review.

Spencer Barasch, the former head of enforcement for the SEC in Fort Worth, also repeatedly attempted to be Stanford’s defense attorney.

He quit the case when the SEC told him repeatedly that he was violating federal ethics rules.

The report did not suggest Barasch knew Stanford while he worked at the SEC.

Barasch, 52, now a partner with Dallas, Texas law firm Andrews Kurth.