Compliancex

Attorney Spencer Barasch, a former ranking official with the Securities and Exchange Commission’s Fort Worth office, has been barred from representing clients before the SEC for a year for violating federal conflict-of-interest rules by working for a company linked to disgraced financier R. Allen Stanford, the watchdog agency said Thursday. Barasch, who heads the securities enforcement team at the Dallas law firm Andrews Kurth, earlier agreed to pay a $50,000 fine without admitting or denying that he “personally and substantially” handled matters involving a Stanford business, the SEC said in a news release from Washington. “This action shows that the commission takes seriously ethical lapses by attorneys who appear and practice before it, and that such violations will result in serious disciplinary action,” Richard Humes, SEC associate general counsel, said in a statement.

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