SEC whistleblower wins wrongful termination case

Published July 12, 2010 4:00am ET



Gary Aguirre, a former Securities and Exchange Commission attorney who was fired in 2005 when he tried to subpoena an elite Wall Street banker, has been vindicated. The SEC agreed to pay Aguirre $755,000 to settle his wrongful termination case before the Merit Systems Protection Board in what is described as the largest settlement of its kind.

“The filing of the case in 2005 or 2006, before the financial crisis, would have been exactly what Wall Street elite needed to hear at the perfect moment: the SEC goes after big fish too,” Aguirre said.

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