New York Stock Exchange NYSE 311 R.
(photo credit: ERIC THAYER / Reuters)
At least a dozen US-listed companies have been told by the US Securities and Exchange Commission to disclose business activity in and with Syria, Iran and others deemed "state sponsors" of terror by the state department, the Financial Times said on Sunday.
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The inquiries are part of SEC reviews of companies' investment risks to security holders.
Sony Corp, Caterpillar Inc, American Express, Aecom Technology, Iridex and Veolia Environnement are among the companies that received letters from the SEC's corporate finance division, the report said.
Their responses show how sales have shriveled with tighter international sanctions, the FT
The United States and its Western allies have supported multiple rounds
of sanctions on Iran, seeking to persuade it to curtail its nuclear
work. Washington suspects Tehran of using its civilian nuclear program
to develop an atomic bomb, though Iran says its program is solely to
On Nov. 21, the United States, Britain and Canada announced new
sanctions on Iran's energy and financial sectors, but the Obama
administration stopped short of targeting Iran's central bank, a step
that US officials said could send oil prices skyrocketing and
jeopardized global economic recovery.
"The Obama administration strongly supports increasing the pressure on
Iran, and that includes properly designed and targeted sanctions against
the central bank of Iran, appropriately timed as part of a carefully
phased and sustainable policy toward bringing about Iranian compliance
with its obligations," US Under Secretary of State Wendy Sherman told
the Senate Foreign Relations Committee.