Felix Salmon of Reuters writes Wednesday about the recent action by the Securities and Exchange Commission to subpoena e-mails between sources Sam Antar and Barry Minkow and business journalists.
“The Sam Antar subpoena, however, is obviously a fishing expedition: it even includes documents from Antar’s recent divorce. And it nullifies a huge amount of the welcome sentiment behind the SEC’s policy on asking for information from journalists, if the SEC can ignore all those guidelines when asking for information from journalists’ sources.
“The SEC should encourage communication between sources and the press, using the press as a kind of adjunct enforcement mechanism. Instead, this kind of activity is prone to making sources even quieter. And that doesn’t serve the SEC at all.”
Read more here.
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