Stanford investor appeals on basis of false SEC claim

A Georgia attorney contends the Securities and Exchange Commission did not properly represent him and other victims of convicted swindler Robert Allen Stanford in Louisiana and other states in a courtroom dispute over securities industry-funded insurance. Richard R. Cheatham, of Atlanta, wants a federal judge in Washington, D.C., to suspend the judge’s recent ruling that Cheatham and thousands of other investors who lost billions of dollars are not eligible for securities industry insurance coverage. More in The Advocate here.

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