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Lawsuit Seeks To Stop The SEC's Seizure Of Your Investment Data

Posted on AllSides April 16th, 2024
From The Right

The Securities and Exchange Commission unconstitutionally mandated the seizure of data of every purchase or sale of securities in the U.S. markets, a lawsuit filed Tuesday in a Texas federal court alleged. The lawsuit, Davidson v. SEC , challenges the Consolidated Audit Trail, or CAT, which the SEC has been quietly working to implement for over a decade. Here’s what you need to know about CAT and the lawsuit. CAT’s origins date back to 2010 and the Obama administration. That year, under the guise of preventing another “flash crash,” in...

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