American Securities Association Sues SEC Over Lack of Transparency in Enforcement Actions

The American Securities Association (ASA) filed a suit against the U.S. Securities and Exchange Commission (SEC) connected Thursday for failing to comply with the Freedom of Information Act (FOIA). The ASA seeks to compel the SEC to disclose records related to its “recordkeeping expanse initiative” that imposed penalties connected broker-dealers for retaining off-channel communications, specified […]