Reuters: SEC still has to comply with FOI requests
Reuters reporter Emma Ashburn reports that the changes to Securities and Exchange Commission disclosure don’t prohibit it from complying with Freedom of Information Act requests, as Fox Business Network had reported.
Ashburn writes, “The U.S. Securities and Exchange Commission was granted greater assessment and surveillance responsibilities as part of the Dodd-Frank Act, which went into effect on July 21.
“As part of that, lawmakers also gave the SEC a privacy mandate similar to bank regulators, who do not have to disclose the results of examinations of specific firms.
“The SEC still has to comply with requests for other types of information requested under the Freedom of Information Act.
“‘The new provision applies to information obtained through examinations or derived from that information,’ said SEC spokesman John Nester in a statement.”
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