Judges Question SEC Rule on Foreign Govt Oil Payments

Mar. 22, 2013 02:38PM PST

Bloomberg reported that appeals court judges have questioned the US Securities and Exchange Commission’s regulation which requires public companies engage in oil extraction to reveal payments made to foreign governments.

As quoted in the market news:

The rule obligates oil, gas and mining companies to disclose payments of $100,000 or more on a form filed to the SEC’s Edgar public database for fiscal years ending after Sept. 30. It also requires companies to disclose payments made to the U.S. government.

Click here to read the full Bloomberg report.