CAT's Eye

Big CAT iswatching you:

The Securities and Exchange Commission (SEC) in 2012 authorized a program to make it easier for financial regulators to track transactions in U.S. markets by creating a “consolidated audit trail,” or CAT. This would require brokerages and exchanges to collect and report certain financial information to regulators and other financial organizations. Under the Biden administration, the SEC approved a new funding model for CAT in September 2023. The AAF memo warned that the CAT program was effectively an “Orwellian” government database of Americans’ personal information, and urged lawmakers to back a bill that would prevent the SEC from forcing financial institutions to hand over Americans’ information. The bill, known as H.R. 4551 or the Protecting Investors’ Personally Identifiable Information Act, was introduced by Republican Rep. Barry Loudermilk of Georgia. (RELATED: ‘Nowhere Near Ready For Prime Time’: Biden Wants Companies To Disclose Climate Risks – A trial Run Did Not Go Well) “We have witnessed abuses by other government agencies, including the IRS releasing private financial information,” AAF Chairman Marc Short told the Daily Caller News Foundation. “This unconstitutional and reckless regulatory overreach must be stopped.”

They didn't get the memo about privacy...