Commentary: SEC should disclose companies facing enforcement action

08/4/2010 | CNNMoney/Fortune

The Securities and Exchange Commission implemented a rule that prevents the public from seeing some investigative information through the Freedom of Information Act, but its practice of keeping investigations into businesses private is more troublesome, writes Randy Shain, executive vice president at First Advantage Litigation Consulting. The SEC should keep investigations secret in the examination stage but go public when cases are referred to the enforcement division, Shain writes.

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