http://www.mglconsulting.com/Site/Pages/Bernerd.htmlhttps://www.sec.gov/litigation/opinions/2016/33-10060.pdfI worked with this guy back in the 80's in Dallas. He was a creep then and still is. He was the chief compliance officer at Stanford Group.
Young engaged in egregious and repeated violations throughout his years at the Firm, resulting in substantial investor losses. By wholly failing to carry out his professional due diligence responsibilities and approving false and misleading reassurances in response to red flags about SIB and the CDs, Young played a central role in maintaining the legitimacy necessary to perpetuate Stanford's scheme for several years. In doing so, he demonstrated extreme recklessness and obvious unfitness for employment in the securities industry.97 We also note that Young evidences a lack of remorse and places all blame on others. In addition, Young's efforts to thwart regulatory investigations of SGC demonstrate hostility and indifference to regulatory oversight. Young's troubling attitude and failure to explain how he would respond differently in the future support our conclusion that he presents an unacceptable risk if permitted to return to industry-related employment. The public interest therefore will be served by barring him from association with any investment adviser, broker, dealer, municipal securities dealer, or transfer agent, and prohibiting him from serving or acting as an employee, officer, director, member of an advisory board, investment adviser or depositor of, or principal underwriter for, a registered investment company or affiliated person of such investment adviser, depositor, or principal underwriter
