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SEC Routinely Exempts Companies From Rules Without Adequate Follow-up: Inspector General
The Huffington Post

Companies are routinely exempted from the Securities and Exchange Commission’s panoply of rules and regulations, as long as they meet certain conditions — but the agency rarely follows up to make sure that those firms are living up to their promises, according to a new report by the SEC’s inspector general.

And more than half of those companies (60 percent) granted exemptions ended up violating the conditions of the SEC’s order allowing them that dispensation.

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