O'Connor & Company

NCLA's Andrew Morris on the SEC Mass Data Collection of Personal Data

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  • WMAL GUEST: 7:35 AM - INTERVIEW - ANDREW MORRIS - Senior Litigation Counsel, New Civil Liberties Alliance (NCLA) - discussed the unconstitutional Securities and Exchange Commission’s “Consolidated Audit Trail” (CAT) – which is the largest government-mandated mass collection of personal financial data in American history.
    • The Securities and Exchange Commission (SEC) is illegally collecting data of every citizen who invests in the stock market, according to a new lawsuit. The New Civil Liberties Alliance (NCLA) filed a lawsuit against the SEC claiming that the agency, through its "Consolidated Audit Trail," or "CAT," program, is collecting mass amounts of personally identifiable data by forcing brokers, exchanges, clearing agencies and alternative trading systems to capture and send detailed information on every investor’s trades in U.S. markets to a centralized database. The agency is doing so, NCLA says, without authorization from Congress and in violation of the Fourth Amendment, which prohibits unreasonable government search and seizure of private information.
      • NCLA Asks Court to Halt SEC’s Unauthorized and Unlawful Mass Data Collection Regime

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          • Episode: Wednesday, May 29, 2024 / 7 AM Hour 

          O'Connor and Company is proudly presented by Veritas Academy

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