NCLA Amicus Brief Exposes Fatal Constitutional Flaws in SEC’s Illegal Mass Data Collection Regime
SEC’s CAT is an unprecedented mass confiscation of personal financial data in blatant violation of the Fourth Amendment’s restrictions on unreasonable searches and seizures.
- SEC’s CAT is an unprecedented mass confiscation of personal financial data in blatant violation of the Fourth Amendment’s restrictions on unreasonable searches and seizures.
- No law passed by Congress gives SEC authority to set up a data collection and surveillance system.
- NCLA released the following statements:
“The CAT is an illegal SEC power grab that violates ordinary Americans’ basic constitutional rights. - This Leviathan-sized dragnet is absurd, risky, and utterly unlawful.”
— Mark Chenoweth, President and Chief Legal Officer, NCLA