Financial Times FT.com

The SEC is not selling out US investors

By Patti Waldmeir

Published: May 23 2007 03:00 | Last updated: May 23 2007 03:00

Charlie Prestwood lost his retirement savings in the Enron fraud - and he is terrified that the Securities and Exchange Commission, the US investor watchdog, will forsake him when it comes to punishing those who schemed with Enron to perpetrate the worst corporate fraud in recent US history.

So he made the trek to Washington DC from his home in Conroe, Texas, earlier this month, to plead the case of all those who have been harmed by corporate America - and cannot get their day in court because, they claim, the SEC is standing in their way.

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