Let’s See Now, Your Records Request Bill Comes to … $2 Million

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The Securities and Exchange Commission, ordered in a two year court battle to review for release documents in 26 corporate investigation files, has informed the requester the review will cost $2 million. The agency said reviewing the records sought by SEC Insight Inc., a Plymouth, Minn., investment analyst, would require the work of 30 attorneys for a year. But the requester is getting a bargain rate of $28 an hour. (4/18/06)