SEC paying $580,000 to settle suit by ex-official

Published



WASHINGTON (AP) — The Securities and Exchange Commission is paying $580,000 to settle a lawsuit by a former assistant SEC inspector general who accused the agency of firing him in retaliation for bringing possible misconduct to light.

The SEC reached the settlement last month with David Weber, who sued the agency in November. Weber’s attorney, Cary Hansel, announced the settlement Monday. Weber was the assistant inspector general for investigations, one of those responsible for probing allegations of misconduct by SEC officials and employees. He is an attorney and a certified fraud examiner.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.