The
SEC
issued
subpoenas
to
Exco
Resources
and
Quicksilver
Resources
last
month
regarding
a
probe
into
whether
companies
are
overstating
the
productivity
of
their
natural
gas
wells,
Reuters
reported.
That
has
led
to
complaints
from
some
lawmakers,
including
Rep
Bill
Posey,
a
Florida
Republican,
that
the
SEC
was
straying
from
its
traditional
area
of
securities
abuse
into
regulating
environmental
issues.
SEC
Chairman
Mary
Schapiro
said
the
SEC
is
not
overstepping
its
boundaries,
and
instead
is
only
trying
to
make
sure
companies
are
not
misleading
investors
about
their
reserves.
"We
are
not
regulating
fracking
in…
