Remember yesterday when I said I thought a "full-blown 'sue the SEC'" trend seemed to be brewing?  Now you can add one more lawsuit to the growing list, as nine Louisiana investors who lost a total of about $19 million in the alleged Ponzi scheme of R. Allen Stanford sued the SEC yesterday for its alleged negligence.

The Bellingham Herald reports that the lawsuit piggybacks on findings in a report by the SEC's Office of Inspector General that a former regional director in Fort Worth, Spencer Barasch, failed several times to act on evidence that Stanford was running a Ponzi scheme. The Herald states that the IG report found that Barasch ignored evidence of fraud and "told colleagues he had referred Stanford-related letters and inquiries to other agencies, when the report concluded that he had not."