[ by Melanie Gretchen ] The SEC raised red flags as early as the 1990s, but waited until 30,000 people in 113 countries had been defrauded of their savings in Allen Stanford's $7 billion, 2-decade fraud. What does the agency have to say? To date, the SEC has tried to get the Securities Investor Protection Corporation (SIPC) to cover losses, despite the fact that SIPC doesn't guarantee paper issued by banks (where Sanford's bank selling the certificates of deposit was based) – in Antigua or anywhere else. What the SEC has not said is 'sorry.' For further details, go to [WSJ, 6/15/12].