Former Stanford brokers Danny Bogar and Patrick Cruickshank have received Wells notices from the U.S. Securities and Exchange Commission, a process intended to notify individuals of possible civil charges, the newspaper reported.
A message left with Bogar was not immediately returned and Cruickshank could not be reached.
Lawyers for the men said their clients had no knowledge of the $7 billion Ponzi scheme prosecutors allege was led by Stanford, according to the newspaper.
Documents filed with industry regulator Financial Industry Regulatory Authority show Cruickshank received a Wells notice from the SEC earlier this year.
A spokesman for the SEC could not immediately be reached for comment.
Stanford, who is currently in jail awaiting a January trial, has denied any wrongdoing. He faces civil and criminal charges related to the scheme, which centered around his bank in Antigua.
(Reporting by Anna Driver in Houston; editing by Andre Grenon)
Copyright 2010 Thomson Reuters. Click for Restrictions.
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