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Exposing Iran's Secret Enablers

(New York Post) Mark D. Wallace - For decades, publicly traded multinational companies have been able to conduct business in Iran with impunity, shielded from public scrutiny. It is time for the U.S. Securities and Exchange Commission (SEC) to require all companies that avail themselves of the U.S. capital markets to fully disclose any and all business they conduct in or with Iran. Shining a light on such dealings is the first step to ensuring that money doesn't go to advance Iran's nuclear program. U.S. law now requires that publicly traded companies disclose all "material" information related to foreign investments in their shareholder reports and in other SEC filings. But many companies have been less than forthcoming about their business dealings with Iran. New regulations should require SEC registrants and their subsidiaries to come clean and report any and all commercial dealings in Iran and to report any Iranian assets they might hold. The writer, president of United Against Nuclear Iran, served as U.S. ambassador to the UN, representative for UN Management and Reform, from 2006 to 2008.
2010-07-15 09:12:19
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