Sunday, July 22, 2007

S.E.C. Rethinks Lists Linking Companies and Terrorist States


A month ago, it seemed like a good idea. The Securities and Exchange Commission, at the urging of some lawmakers, released a list of public companies that do business in countries the United States considers to be state sponsors of terrorism.

“No investor should ever have to wonder whether his or her investments or retirement savings are indirectly subsidizing a terrorist haven or genocidal state,” the S.E.C. chairman, Christopher Cox, said in announcing that the Web site would include links to the annual reports of any company doing business in Cuba, Iran, North Korea, Sudan or Syria.

“Making it easier to find significant information such as this by tapping the power of technology is central to the S.E.C.’s mission,” Mr. Cox said in the June 25 announcement.

See full Article.