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Reason
Reason
Politics
Christian Britschgi

DARK SECRETS: How sec gag orders silence the accused - The Real Truth

The Securities and Exchange Commission (SEC) doesn't just regulate the country's financial institutions: As a censor of books, it has no peer. Take its successful suppression of Bob's memoir.

In the early 2000s, the pseudonymous Bob developed a new financial technology to make a lot of money in Texas' energy markets. He made so much money, in fact, that the SEC became suspicious and sued him. To avoid the ruinous penalties and potential criminal charges he was facing, Bob agreed to a favorable settlement with the agency.

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