Monday, July 2, 2007

Terrorism and Investing

The SEC has added a new tool to their website which allows users to quickly find information regarding companies that do business in and with countries that have been declared State Sponsors of Terrorism by the Secretary of State. From Motley Fool article:

"Citing the agency's progress in using interactive computer technology to make public disclosures more accessible to investors, Chairman Christopher Cox stated, 'No investor should ever have to wonder whether his or her investments or retirement savings are indirectly subsidizing a terrorist haven or genocidal state.' True enough.

"Existing law mandates that companies report on any material activities in a country designated a 'State Sponsor of Terrorism' by the Secretary of State. No new regulation has been enacted by the securities regulators. The SEC is simply providing easy access to the required information, without including any additional editorial comment."


Template Designed by Douglas Bowman - Updated to Beta by: Blogger Team
Modified for 3-Column Layout by Hoctro