SEC Should Shut Down Big Brother Database for Stock Traders
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A trader works on the trading floor at the New York Stock Exchange in New York City, April 4, 2024. (Andrew Kelly/Reuters)
An Orwellian database of every stock and option transaction is a treasure trove of information for deep-state operators committed to causing mischief.
The financial regulators in this country have been on a streak of encouraging moves recently, and the Securities and Exchange Commission (SEC) now has a golden opportunity to keep the good times rolling. The agency just closed the comment window on its review of the Consolidated Audit Trail (CAT), the master database it established to track every order, cancellation, modification, and executed trade across U.S. equity and options markets.
Since the SEC first proposed the CAT in 2010, critics have identified a long list of deficiencies and problems associated with the program. The agency has now received hundreds of comment letters ...
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Dan McLaughlin
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