SEC Says New FinReg Law Exempts It From Public Disclosure

Fox Business News reports:

Under a little-noticed provision of the recently passed financial-reform legislation, the Securities and Exchange Commission
no longer has to comply with virtually all requests for information releases from the public, including those filed under the Freedom of Information Act.

The law, signed last week by President Obama, exempts the SEC from disclosing records or information derived from "surveillance, risk assessments, or other regulatory and oversight activities."

Is this to hide the SEC's failures? As you can see, Obama is a man of state command and control.