SEC Pays $580,000 Over Ex-Investigator’s Firing Claims
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The U.S. Securities and Exchange Commission has paid $580,000 to settle claims by a former internal watchdog that he was fired in an effort to quash his investigations.
David Weber, who was terminated late last year from his job as chief investigator in the SEC inspector general’s office, will also have his personnel records revised to show he was an employee in good standing and resigned voluntarily. The settlement was announced by Cary Hansel, Weber’s attorney at Joseph, Greenwald & Laake in Greenbelt, Maryland.