Barney Frank, Chairman of the House Financial Services Committee sent a letter to SEC Chairman Christopher Cox expressing concern over how the agencies’ list of public companies with investment in terrorist-financed states was compiled. Specifically, Mr. Frank believes some of the companies included on the list have already divested investments in these countries or, in some cases such investments are not significant and therefore should not be included on the list. Mr. Frank called on Mr. Cox to reexamine the methodology used to develop the list. The SEC announced the creation of the list and related software tool to track public companies with investments in terrorist financed states on June 25, 2007.
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