The Securities and Exchange Commission (S.E.C.) has initiated a formal complaint against its former Chairman, Paul Atkins. The complaint details a 2018 case concerning Devon Archer, who was later pardoned by President Donald Trump. Atkins served as a paid expert witness in the proceedings. The case involved allegations of fraudulent financial practices and a potential violation of securities laws. The S.E.C. is asserting that the case demonstrates a failure to uphold ethical standards and legal responsibilities within the agency. The complaint outlines specific concerns regarding the Chairman’s involvement and potential oversight during the investigation.
Credits: NYT > Top Stories