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SEC urged not to revise "Terrorist" watchlist

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posted on Jan, 18 2008 @ 08:01 PM
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SEC urged not to revise "Terrorist" watchlist


www.reuters.com

WASHINGTON (Reuters) - Two business groups urged the U.S. Securities and Exchange Commission on Friday not to reinstate a Web tool aimed at helping investors identify companies with investments in countries the United States designates as "sponsors of terrorism."

"This is the kind of thing that prompts companies to go somewhere else," said William Reinsch, president of the National Foreign Trade Council, which represents major U.S. corporations.

The SEC is seeking comment about whether to reinstate some kind of mechanism that would make it easier for investors to find out if a company has any business in or with countries that are designated by the U.S. government as "state sponsors of terrorism."

In July, the agency suspended its Web site search tool after heavy criticism from lawmakers and business groups who called the tool unfair and said it portrayed firms in a misleading and negative light. At the time, the SEC said it would revamp the tool so it would more accurately reflect a company's activities in the countries.

(visit the link for the full news article)




posted on Jan, 18 2008 @ 08:01 PM
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Hmm, not sure what to think about this. In the land of milk and honey---money talks. My bet is if these companies toss the dough to the appropriate figures, this will likely go their way. Although the gov is spying on everyone on the net anyway in one form or another, so they should probably just come to the realization if it isn't the SEC, it'll be another brach of the alphabet. LOL

www.reuters.com
(visit the link for the full news article)



posted on Jan, 18 2008 @ 08:20 PM
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this is realy interesting you would think it would be in there best interest to give traders the list so that they could continue to trade instead of worrying about being brought up on charges of aiding a terrorist orginazation.



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