The head of Andrews Kurth’s corporate governance and securities enforcement practice has been barred from appearing before the U.S. Securities and Exchange Commission for one year for violating federal conflict of interest rules.
Spencer Barasch, who served as associate district director in the SEC Fort Worth office’s Division of Enforcement from 1998 to 2005, billed the Stanford Group Co. for 12 hours of work for SEC-related matters in 2006, according to the agency. The company was part of the financial empire of R. Allen Stanford, who was found guilty in March of 13 counts of fraud after prosecutors accused him of running a $7 billion Ponzi scheme.
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