SEC testimony can sometimes be tedious and uneventful, but that certainly does not appear to have been the case with respect to the February 10, 2009, SEC testimony of Stanford Financial Group chief investment officer Laura Pendergest-Holt. First, almost immediately following her testimony, Stanford Financial Group’s lawyer, Thomas Sjoblom of the law firm Proskauer Rose, decided to withdraw from the case altogether and to “disaffirm” his prior statements to authorities.
According to a Memphis Daily News article, on February 11, Sjoblom reportedly gave notice to the SEC that his firm was no longer Stanford’s counsel. Sjoblom
