SEC Wants Rogue States Ties Disclosed

[jpak]

SEC Wants Rogue States Ties Disclosed

http://www.lasvegassun.com/sunbin/stories/bw-other/2004/feb/09/020907962.html

The Securities and Exchange Commission may be enlisted in the U.S. fight against terrorism, whether it likes it or not.

In the latest federal funding bill, Congress directed the SEC to identify U.S.-listed companies with ties to states that sponsor terrorism and to require more disclosure to investors about corporate operations in high-risk areas.

<more>

edit: updated incomplete link

[damnraddem]

1. Uh, oh: companies will be in trouble if they have ties to ...

states that sponsor terrorism, like:
Saudi Arabia, Pakistan, Israel, or ... the United States. ;-)

[Ediacara]

2. those states don't *officially* sponser terrorism

So it's all a-ok!

[jpak]

3. The Chimp opposed this bill

from the article...

<snip>

President Bush signed the bill two weeks ago but noted that accompanying reports "do not have the force of law" and "are not legally binding."

Wolf thinks the SEC has no choice, though.

"It's now the law and he expects them to abide by it," said Jeff Walton, a spokesman for Wolf.

<end snip>


He doesn't want Halliburton to 'fess up to its dealings with Terra-ist nations...