boston.com is in on the liberal hippie OWS partisan bandwagon:

The firm [Bain] did not respond to Globe questions about why SEC filings show Romney in control of five Bain Capital business partnerships that were formed in January 2002 — long after Romney claims to have left.

…

One securities specialist said that Bain — a privately held company that is not traded on the stock market — should not be held to the same standard of accuracy as a publicly traded corporation. Adam C. Pritchard, a professor of securities law at the University of Michigan, described filings disclosing Bain dealings investments as “ministerial.”

“The only way someone would be misled is if they were an investor in” Bain, he said. It would be a different matter in a publicly traded firm, he added: “If Apple were listing Steve Jobs as CEO, that would be a problem, him being dead and all.”

Others, including Roberta S. Karmel, a former SEC commissioner quoted by the Globe on Thursday, say SEC filings are a crucial window on the operations of business.

“Let me put it this way,” Karmel said: “It’s a pretty serious problem to file false documents with the SEC. You can be prosecuted for that.”