SEC pursues BW probe as DoJ starts own investigations.

After having turned over to the Department of Justice (DoJ) last week the names of the first batch of suspected participants in the BW Resources Corp. insider trading and price manipulation scandal, the corporate watchdog is now finalizing a second batch of alleged securities law violators.

Meanwhile, the Justice department will summon this week the Securities and Exchange Commission team which conducted the "independent" BW Resources investigation which resulted in the filing of criminal charges against three company stockholders and eight brokerage firms.

On the other hand, Dante T. Tan, the key figure in the scandal, again lashed out at the SEC for submitting its preliminary report to the DoJ without hearing from those implicated.

In an interview late last Friday, a ranking SEC official, speaking on condition of anonymity, said the commission's Prosecution and Enforcement Department (PED) begins this week its formal investigation of more than 20 broker firms and individuals …