(Bloomberg) -- The U.S. Securities and Exchange Commission has improved how it justifies new regulations after at least five recent court defeats faulted its use of economic analysis, according to an audit by the agencys inspector general.
The agency specified the reason for regulations, considered alternatives to rules and integrated economic analysis into the rule-writing process, SEC Inspector General Carl W. Hoecker wrote in an analysis of 12 rules proposed or finished during 2012. The analysis was requested by Representatives Darrell E. Issa and Patrick T. McHenry, Republican lawmakers who have been critical of the SECs rulemaking procedures.
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