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Trade Groups Urge SEC Not to Revive List Linking Companies, Terror Sponsors
By Matt Squire
printTrade groups representing international companies urged the U.S. Securities and Exchange Commission not to resurrect a Web listing of companies with business ties to rogue nations, saying it will politicize the agency and unfairly damage corporate reputations. Such a list "would inappropriately label companies with legitimate activities as supporters of terrorism and … goes beyond the [SEC's] function as a market regulator," Dorien Fransens, secretary general of the European Association of Listed Cos., said in a Jan. 22 letter to the SEC. The association represents public companies based in Europe. The SEC in November requested comments on whether it should...
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