SEC Says New Financial Regulations Allow It to Hide Its Failures – SEC Says New Financial Regulation Law Exempts it From Public Disclosure.

The public will not be able to obtain SEC records using the Freedom of Information Act.   The SEC remains accountable only to government.

Fox Business News Network learned this when the SEC claimed this week that Section 9291 of SEC Financial Regulatory Law H.R. 4173 allowed it to refuse FOIA requests for info..

So much for Obama’s promise of increased transparency in government.

Fox Business Network intends to challenge this interpretation of the law.