SEC Chief Rebukes Enforcement Unit for Subpoena
Stephen Labaton writes in The New York Times:
The chairman of the Securities and Exchange Commission rebuked the agency's enforcement division today, accusing it of operating in a renegade fashion for issuing a subpoena earlier this month to two journalists.More here.
The rare criticism of the agency by its chairman, Christopher Cox, followed the decision late last Friday not to enforce the subpoena, at least temporarily, after the commission received calls about it from other reporters. The subpoena had demanded information from two Dow Jones journalists, Herb Greenberg of MarketWatch and Carol S. Remond, a columnist for Dow Jones Newswires, about articles they had written that drove down stock prices of several companies.
posted by Fergie @ 2/27/2006 01:51:00 PM
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