subpoena

Mo. Auditor
3:36 pm
Tue May 3, 2011

Mo. auditor Schweich issuing subpoena over financial records

Missouri State Auditor Tom Schweich at today's press conference regarding the financial records.
(Marshall Griffin/St. Louis Public Radio)

Missouri Auditor Tom Schweich says he’s issuing a subpoena to the Finance Division of the State Department of Insurance, in order to force them to release records on banks, savings and loans, and other financial institutions across the state.

Finance Division officials have so far refused to release documents on their reviews of financial institutions, saying that state law bars them from doing so.  But Schweich says the records are needed to see if banking regulators are doing their jobs properly.

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