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SEC Roundup 84: Cracks in the CAT — Court Rules Against SEC’s Massive Surveillance Tool

The SEC’s sweeping Consolidated Audit Trail (CAT)—a surveillance tool designed to track every U.S. trade down to the individual investor—just got a major reality check from the 11th Circuit Court of Appeals.

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Investor Choice Advocates Network (ICAN) is a nonprofit public interest litigation organization dedicated to breaking down barriers to entry to capital markets and pushing back against the overreach of the Securities and Exchange Commission (SEC), serving as a legal advocate and voice for investors and entrepreneurs whose efforts help fuel vibrant local and national economies driven by innovation and entrepreneurship.

Investors Choice Advocates Network is a 501(c)(3) charitable organization. All contributions are tax deductible. No goods or services will be provided in exchange for this contribution.

 

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