Republican lawmakers and the American Securities Association say the Securities and Exchange Commission (SEC) is violating privacy by putting together investor list.
While the CAT list was adopted in 2012, the ASA filed a lawsuit against the SEC in May 2020 to protect retail investors from identity theft and safeguard their right to privacy by stopping the collection of their personally identifiable information.In July 2022, the SEC released an order that granted temporary relief from certain requirements of the CAT, delaying its full implementation until 2024.
Meanwhile, Louisiana Republican Sen. John Kennedy told FOX Business, "The CAT would expose every American investor’s personal data to malicious hackers in the states and abroad." "Not only does the CAT create one big centralized target for bad actors, it can’t promise to protect anyone’s data effectively," he continued. "
from the Chinese Communist Party and other thugs have already hurt Americans by targeting federal agencies.
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