View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
February 12, 2009

Stanford Group investigated by SEC, report says

By Spear's

Stanford Financial Group, which oversees more than $50 billion of assets, is being investigated by US regulators over its business, a person familiar with the matter said, quoted by Reuters.

Stanford Financial Group, which oversees more than $50 billion of assets, is being investigated by US regulators over its business, a person familiar with the matter said, quoted by Reuters.

The US Securities and Exchange Commission and the Financial Industry Regulatory Authority (FINRA) are looking into the company, the person said.

BusinessWeek said in its online edition that the SEC, FINRA and the Florida Office of Financial Regulation were investigating Stanford’s ability to pay high yields on CDs, even as it invests CD money largely in stocks, real estate, hedge funds and precious metals, many of which have lost value in recent months.

For further details, visit thewealthnet

Content from our partners
Spies and secret ops: How espionage has inspired London’s most exciting hotel
High-flyers: TAG Aviation explains that it's not about the destination, it's about the journey
Finding a purpose for family wealth during uncertainty 

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network