SEC Transparency Act introduced in Congress

The idea is to undo the potential secrecy provisions in the recently passed financial reform Act, says Rep. Ron Paul (R-Texas), who introduced the bill on the heels of a Fox Business News report about a little-noticed section of the law that appears to give the SEC broad authority to withhold records. ”It is unfortunate, yet not unexpected, that legislation touted as fixing problems with the banking system actually makes them worse and provides more cover and power for organizations that failed us like the SEC and the Fed,” Paul said in introducing the bill. || Fox Business on the secrecy at the SEC 

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