It was just a matter of time.
About a month after releasing its tool to identify publicly traded companies in the US that, according to SEC, may be involved in sponsoring states that support terrorism and genocide, the list has gone off line and replaced with a statement from the SEC chairman explaining that the tool will undergo some "reconstruction".
I'm surprised it took an entire month to get there.
Not so surprisingly, some international banks let their opinion to be known that the SEC terrorism list might dissuade them from considering future IPOs in the US or even lead to deregistration of US-based securities.
In fact, their reaction reaction was so predictable it makes one wonder why no one at SEC saw it coming? It certainly doesn't instill trust in SEC as a steady and sensible governor of the securities industry.
I'm surprised it took an entire month to get there.
Not so surprisingly, some international banks let their opinion to be known that the SEC terrorism list might dissuade them from considering future IPOs in the US or even lead to deregistration of US-based securities.
In fact, their reaction reaction was so predictable it makes one wonder why no one at SEC saw it coming? It certainly doesn't instill trust in SEC as a steady and sensible governor of the securities industry.
- SEC: State Sponsors of Terrorism
- NY Times: S.E.C. Rethinks Lists Linking Companies and Terrorist States (Requires registration)
- Forbes: SEC Takes Down Terrorism List Web Site
- Swiss firms irritated over SEC blacklist
- SEC terrorism site draws outrage
- IPO Fees in Europe Catch Wall Street
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