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Overlooked part of Dodd-Frank law could keep information from the public

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Buried in the massive Dodd-Frank financial law is a section that could prevent the public from obtaining records the government collects as part of its new oversight of hedge funds and other private funds managed by investment advisers.

Section 404 remained unchanged when Congress last fall repealed another part of the Dodd-Frank Wall Street Reform and Consumer Protection Act--section 929I--that had provided a massive exemption from the Freedom of Information Act (FOIA) for the Securities and Exchange Commission (SEC).

Congress approved that repeal under tremendous pressure after Fox Business News reported that the SEC had cited the new ...

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