CFTC Nominee Bowen Questioned on Stanford Ponzi Scheme Views

U.S. Commodity Futures Trading Commission nominee Sharon Y. Bowen is facing renewed questions about her role in overseeing a panel that ruled against compensation for victims of R. Allen Stanford’s fraud. Senator David Vitter, a Louisiana Republican, sent a letter to Bowen today seeking more information about her decisions as acting chairman of the Securities Investor Protection Corp., an industry-funded nonprofit that protects customers of failed brokerages. Vitter has criticized SIPC’s claim that Stanford victims don’t qualify for compensation. More on Bloomberg BusinessWeek here.