SEC says its disclosure exemptions are necessary

09/16/2010 | New York Times (tiered subscription model), The

Some lawmakers are trying to repeal a measure in the Dodd-Frank act that gives the Securities and Exchange Commission the ability to keep private some of the information it gathers in investigations. Mary Schapiro, chairman of the SEC, has defended the agency's exemptions from the Freedom of Information Act, calling them "central to our ability to develop a robust examination program that better protects investors."

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