U.S. Rep. Frank Joins Critics of SEC List Linking Companies, Rogue States

By Matt Squire

U.S. Representative Barney Frank urged the Securities and Exchange Commission to eliminate from its Web site or make changes to a list aimed at identifying companies that have business dealings with countries that sponsor terrorism. In a letter sent to SEC Chairman Christopher Cox on Thursday, Frank, chairman of the House Financial Services Committee, said the list unfairly includes companies that have divested, or have negligible business dealings, in these countries. The list, published on the SEC's Web site on June 25, includes any companies with references in their annual reports to the five countries that the U.S. State Department...