SEC to monitor WikiLeaks

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When it comes to WikiLeaks, people tend to have mixed feelings. The people who most passionately oppose what it does tend to be aligned with entities that have seen their secret documents made public. Bank of America executives wouldl not be inclined to praise the website right now.

The stakes for Bank of America are rising, however, given reports from FOXBusiness that the SEC intends to monitor any data dumps for evidence that Bank of America withheld information it was required to turn over as part of various investigations. That would be horrific news and would open the bank up to more charges.

But all of this angst may be for naught, as it remains unclear if a massive data dump about Bank of America or any other U.S. bank is coming.

For now, the focus has shifted to Julius Baer Bank, of the Cayman Islands. A former executive has handed data to WikiLeaks founder Julian Assange at an event the press was willing to cover, who says he will eventually make the data public. The data is said to provide names of people who used the Swiss bank to evade taxes.

For more:
- here's the FOXBusiness item

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