From WSJopinion: The SEC’s interest in disclosure increasingly leads it to places where it has no business going, writes Harvey L. Pitt
Iowa Senator Chuck Grassley explained at a House hearing how high-profile Democrats, the FBI and the media portrayed legitimate Congressional oversight of Hunter Biden's business dealings as Russian disinformation. Images: AP/Getty Images Composite: Mark KellyInherent in the structure of federal securities law is a deliberate balance between disclosing significant facts to investors about companies in which they entrust their funds and preserving individual privacy.
Yet the law isn’t always self-executing—it needs respectful stewards. Some 40 years ago Sy Lorne wrote an article, “ ,” in which he addressed individual rights to privacy and predicted the Securities and Exchange Commission’s expanding thirst for greater disclosure.
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