SEC Chair Feels Heat In Congress Over Email Subpoena Power

By Ed Beeson (April 15, 2015, 5:57 PM EDT) -- The head of the U.S. Securities and Exchange Commission refused at a Wednesday congressional hearing to back away from supporting a decades-old law that has raised digital privacy concerns because it lets the SEC directly subpoena Internet service providers for emails and other electronic records on individuals.

SEC Chair Mary Jo White testifies Wednesday before the House Appropriations Committee. (Credit: House Appropriations) At a hearing nominally on the SEC's $1.72 billion budget request for the upcoming fiscal year, Rep. Kevin Yoder, R-Kan., grilled agency Chair Mary Jo White over whether the SEC continues to take advantage of a provision of a...

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