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Tag Archive: National Academy of Public Administration

The STOCK Act and Security through Obscurity


Congress has been delaying implementation of the STOCK Act, largely out of fear over what could happen if disclosures go online. A new report from the National Academy of Public Administration says those fears are well-founded. But its reasoning is flawed, and its recommendations -- which amount to security through obscurity -- are badly wrong-headed. If there are problems with the disclosures mandated by STOCK, let's fix them. Ignoring them and hoping that obscurity will prevent bad things from happening is not only short-sighted, it's dangerous.

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