A key senator has asked the Securities and Exchange Commission to explain how fake firms can file false notices on the agency’s electronic filing system that move share prices.
Sen. Charles Grassley, an Iowa Republican and chairman of the Senate Judiciary Committee, sent the SEC a letter asking how fake firms can file false notices on its Electronic Data Gathering, Analysis and Retrieval system, that’s more commonly known as EDGAR.
via Grassley asks SEC to answer for filing hoaxes – MarketWatch
