Summary
The U.S. Securities and Exchange Commission will issue subpoenas to reporters only after exhausting all other options for obtaining information and informing top agency officials, Chairman Christopher Cox said.
Cox, who rebuked the SEC's enforcement staff in February for issuing subpoenas to journalists without consulting him or other commissioners, released guidelines Wednesday specifying when and how the agency may take that unusual step in the future. The five- member commission approved the policy unanimously, he said.See the full content of this document
Extract
Subpoenas Called Last Resort
"We are aiming at avoiding the issuance of subpoenas to members of the media that would impair, in any way, the newsgathering and reporting functions," Cox...
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