Heavy Lifting - thoughts and web finds by an economist
     I also contribute to Division of Labour Load HL's Front Page
Thursday, July 29, 2010

SEC is now immune from FOIA requests?

Here is the particular language from the recently passed Financial Regulatory Reform:

(1) IN GENERAL- Except as provided in subsection (f), the Commission shall not be compelled to disclose records or information obtained pursuant to section 17(b), or records or information based upon or derived from such records or information, if such records or information have been obtained by the Commission for use in furtherance of the purposes of this title, including surveillance, risk assessments, or other regulatory and oversight activities.

This is not good because the SEC generally doesn't do anything except surveillance, risk assessment and other regulatory and oversight activities. Game over.

Text of H.R.4173 as Enrolled Bill: Dodd-Frank Wall Street Reform and Consumer Protection Act - U.S. Congress - OpenCongress

Comments: Post a Comment


Le Chai - galerie du vin



Posts that contain Craig Depken per day for the last 90 days.


Heavy Lifting's Main Page
Email Me
Atom Feed

Heavy Lifting

Great Links

Money I Found Today

Heavy Lifting - Firehose style (56k warning)

Recent Posts

- SEC is now immune from FOIA requests?



Site Meter Blogroll Me!


Modified maystar design
powered by blogger