Big Brother in the Stock Market? Lawsuit Claims SEC is Spying on Your Trades

Ever bought stocks? The SEC might be track­ing your every move! ️‍♀️ A new law­suit alleges the Secu­ri­ties and Exchange Com­mis­sion (SEC) is secret­ly col­lect­ing tons of data on every­day investors like you and me.

Here’s the tea: The suit tar­gets the SEC’s Con­sol­i­dat­ed Audit Trail (CAT) pro­gram. This pro­gram sup­pos­ed­ly forces bro­kers and exchanges to spill the details on all your stock trades Yikes! 

The New Civ­il Lib­er­ties Alliance (NCLA), the group behind the law­suit, says the SEC has no right to do this with­out per­mis­sion from Con­gress and it might even vio­late your pri­va­cy rights. ️

Think about it: All your stock trades in one giant data­base? Hack­ers? Iden­ti­ty theft? The NCLA is wor­ried this cen­tral­ized sys­tem could be a secu­ri­ty night­mare. They want the courts to step in and see if the SEC’s pro­gram goes too far. ⚖️