Securities Law News

SEC Proposes Updates to FOIA Regulations

Dec. 21, 2017, 10:44 PM

Parties asking the SEC for information under the Freedom of Information Act would have to include their full names and addresses in requests, under rule changes proposed by the agency Dec. 21.

Some people “could be deterred from submitting FOIA requests by this requirement,” the Securities and Exchange Commission said. However, it said, because nearly all requesters provide this information already, the economic impact of the amendment should be minimal.

The proposed rule also would allow the Office of FOIA Services to collect fees before sending records to a requester, instead of waiting until the records are sent. In...

To read the full article log in. To learn more about a subscription click here.