SEC Sued, MF Global, JPMorgan Suspended: Compliance
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David Weber, a former U.S. Securities and Exchange Commission internal investigator fired for allegedly carrying a firearm while on duty, sued the agency for wrongful termination.
Weber, who was chief investigator in the SEC’s inspector general’s office, is asking for $40 million in damages. His suit, filed yesterday in federal court in Washington, argues that he was terminated as part of a campaign to “cover up” and “whitewash” disclosures of wrongdoing he was investigating.