SEC is Exempt from Freedom of Information Requests

July 28th, 2010

The financial regulation bill exempts the SEC from public disclosure:

The law, signed last week by President Obama, exempts the SEC from disclosing records or information derived from “surveillance, risk assessments, or other regulatory and oversight activities.” Given that the SEC is a regulatory body, the provision covers almost every action by the agency, lawyers say. Congress and federal agencies can request information, but the public cannot.

Change we can believe in.

If I didn’t know any better, it’d all make me believe Obama doesn’t really believe in transparency.