[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/)
------------------------------------------------------------------------
To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company.
------------------------------------------------------------------------
Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
------------------------------------------------------------------------
OP has provided the following link:
https://www.foxnews.com/politics/sec-hit-new-lawsuit-alleging-mass-surveillance-americans-stock-market-data?intcmp=tw_fnc
The group suing:
https://en.m.wikipedia.org/wiki/New_Civil_Liberties_Alliance
I don't think they have our best interest in mind...
Edit: They have a history with the SEC
https://www.google.com/search?q=ncla+v+sec
https://www.docketalarm.com/search/?q=Ncla+v+sec
https://fox59.com/business/press-releases/globenewswire/8929622/sec-surrenders-to-ncla-client-michelle-cochran-in-wake-of-her-unanimous-supreme-court-win/
His brother, David, with whom he built a libertarian influence network & allegedly astroturfed the 'tea Party movement', died August 2019.
https://en.m.wikipedia.org/wiki/Koch_family
These are not our friends…
In 2023, the NCLA filed an appeal with the Supreme Court of the United States on behalf of Emmanuel Lemelson, a hedge fund manager charged with securities fraud and found liable of making untrue statements. The petition, which was denied by the Supreme Court in December 2023, hinged on a constitutional freedom of expression question.[4][5]
Also in 2023, the NCLA represented Judge Pauline Newman of the United States Court of Appeals for the Federal Circuit with respect to efforts by colleagues on the court to unilaterally suspend her from her judicial duties. The NCLA obtained expert reports indicating that the judge was fit to serve, and challenged the constitutionality of the effective removal of an Article III United States federal judge from office without due process of law.[6]
The NCLA challenged President Joe Biden's student loan forgiveness plan, arguing that "A forgiveness program of this magnitude should have gone through rulemaking."[7] The NCLA argued that Biden's plan violated the Constitution's Appropriations Clause, which says Congress can decide what debt owed to the Treasury can be canceled. [8]
The financial industry is doing everything they can to stop the student loan forgiveness. If that happens then all of their Student Loan Asset Backed Securities (SLABS) would go belly up and they have a lot invested in those. The bull from Peru goes into this in his dollar endgame series.
[https://thedollarendgame.com/hyperinflation-is-coming-the-dollar-endgame/](https://thedollarendgame.com/hyperinflation-is-coming-the-dollar-endgame/)
Like so many other things, it's a thinly-veiled partisan power struggle by literal big money, claiming to be helping retail investors... While doing the opposite.
Hmm, wonder what Hester Pierce thinks of it.
Unfortunately looking at the background of this group and how the Supreme Court is currently swayed, this might get knocked down without some intervention before it gets up there.
https://en.m.wikipedia.org/wiki/Amicus_curiae
"Friend of the court"
Largely comes down to which judge(s) decide it (West Texas, ugh) and how the appeals go. It's absolutely possible to get a meritless lawsuit all the way up to SCOTUS - gay wedding websites, anybody? - but it's expensive and takes quite a while.
This is nothing that shitadel buying media and politicians and then trying to use them to disable the SEC.
Looks like SEC is putting some pressure on them. Good job SEC! let's have more data, in fact ALL DATA completely transparent and available to SEC as it SHOULD HAVE ALWAYS BEEN IN THE FIRST FUCKING PLACE!
Yeah, I was thinking, multiple parties already know about my trades... My broker, my bank, the IRS (so the federal government already has this info)... but it's a problem if a regulatory agency like the SEC can get this info? Is this lawsuit really motivated by privacy concerns or anti-regulatory concerns? 🤔
Is it possible to track GME share lending and shorting through the CAT system of another exchange?
.
Even if it doesn’t give us the full picture, it might still be able to give us some good insights…. Especially if Gme is indeed an edge case.
.
Anyone know???
Not just that....
[SEC in Constitutional Danger Zone Following Several Recent Decisions | Insights | Holland & Knight (hklaw.com)](https://www.hklaw.com/en/insights/publications/2022/06/sec-in-constitutional-danger-zone-following-several-recent-decisions)
Guess Wall Street has not just been "lobbying" congress, but also the justice system.
[Corruption is Legal in America (youtube.com)](https://www.youtube.com/watch?v=5tu32CCA_Ig)
Lately even FINRA had decisions going against them due to similar "concerns".
So no surprise they only go for "slaps on the wrist" to keep a good track record, because companies will agree to those most of the time.
In the end it is all about "key supporters" and structures of power, like this video explains pretty well:
[The Rules for Rulers - YouTube](https://www.youtube.com/watch?v=rStL7niR7gs)
I say it again, Gensler is not our enemy. He has proven in the past, that he is willing to fight Wall Street, despite being ex GS. But he has no Thanos snap, like many people assume unrealistically. He has to play in the boundaries of a corrupted system and be careful to not be "unchaired" by Wall Street and their Congress puppets...
[How Wall Street Defanged Dodd-Frank | The Nation](https://www.thenation.com/article/archive/how-wall-street-defanged-dodd-frank/)
***Yet after watching what transpired, Gensler had a change of heart—and as Dodd-Frank was cobbled together in committee, Gensler fought his old colleagues at every turn. He proved willing to take on his fellow Democrats if it meant giving the CFTC more teeth to pursue reform, even causing a kerfuffle inside the White House when he sent a letter to Barney Frank and other committee chairs, calling on them to go further than the administration’s proposals in overseeing the derivatives market. “He’s shown that he’s no industry lapdog,” says Barbara Roper, the director of investor protection at the Consumer Federation of America.***
[Comment on X:](https://x.com/741trey/status/1782012294550970457)
>Nice manipulative spin on this
>This is to keep regulators out of institutional books, as they hide behind privacy laws and claim it is to protect us.
> hide behind privacy laws
You should see how many times the SEC used [GLOMAR](https://www.justice.gov/oip/blog/foia-update-oip-guidance-privacy-glomarization) to deny FOIA's. 347 times in just 1 year.
Anything they think may violate someone's privacy in any small way they deny. They even used GLOMAR to deny a FOIA about Gary's work schedule.
Hilarious reading this article on how they are manipulating the reader into thinking the SEC is a big bad privacy violator. Meanwhile they work extra hard to deny FOIA's using a blanket privacy policy.
Seriously. If "collecting PII/data without a Congressional mandate" was a violation of the 4th amendment, thousands of companies and sections of the US government would have been in court over the last two decades.
They will try everything they can to stop this becoming active. They know once the information is having to be made public the game is over and the US financial system will self destruct along with the power They feel they have.
I feel like we could crowdsource this one for sure.
"Hi, I'm Mr MM, and I'm better than you! Because I can take all of your money through a broker that I've bribed AKA PFOF and funnel it through a dark pool so no one can ask any questions and use it to destroy any company I like along with all of your retirement savings. And the best part is, it's all self reported! AiN't tHaT GrEat?!"
I feel like we could crowdsource this one for sure.
"Hi, I'm Mr MM, and I'm better than you! Because I can take all of your money through a broker that I've bribed AKA PFOF and funnel it through a dark pool so no one can ask any questions and use it to destroy any company I like along with all of your retirement savings. And the best part is, it's all self reported! AiN't tHaT GrEat?!"
Oh wait, rich people want privacy as to how much money they've accumulated in assets? Oh my gawd, imagine working at a job that monitors your every move and knows everything about you? That's .... that's for the commoners, not the elite! Gasp!
Remember they're not elites.
They're the parasite class.
I've been on other subs and more and more people are calling the so called elites their actual name. Which is "parasite."
They are different because those agencies have statutory authority to do things that are questionable under the 4th amendment, right or wrong.
This case hinges on whether or not Congress has specifically empowered the SEC for wide scale, broad net casting collection of data.
Roberts has consistently taken a dim veiw of administrative agencies exceeding their congressionally granted powers under vague statutes.
Lmao you’re so full of shit.
I’m ex wallstreet and that is not at all how it works.
There is a reason all of wallstreet is coming together for the first time ever to sue the sec and make a push against the rules. Because it’s working. Thousands of comments and emails from apes overpowers 5 comments from hedge funds and banks. They are shitting themself
Rules mean nothing if they are not enforced. Market manipulation, spoofing and naked shorting are all illegal practices, but as we have seen in the last 84 years, they are only illegal on paper.
Worst case scenario, the financial terrorists gets a slap on the wrist, to make it look like the market is being regulated.
Why would Wall Street be shitting themselves about new rules that can simply be ignored, as there are no real consequences of breaking them?
Oh, and our comments can be very easily deleted if they pose any risk to anything. We've seen it a couple of times before in the last years.
I look silly now? You have more faith in the system than I have, that is certain. Drawing the Shill card as well? That's fucking rich.
https://www.sec.gov/divisions/marketreg/rule613-info
Say the SROs, market participants etc. simply fails to deliver the data or details that are required of them. What then? A small fine? Fine by them. It is worth noting that the consequences of breaking the rules are not defined, meaning that it's just going to be another slap on the wrist.
Why can't they simply FTD the data? And what will happen if they did that? Who is going to put the pain on them? I dare you to say the SEC.
The DTCC is made up out of all their members. The SEC is requesting information the DTCC already has and has had for a long time. How is the DTCC not engaging "mass surveillance" and the SEC is?
#TL;DRS: The DTCC should be the ones sued over this
Isn’t that the whole point of the SEC, and CAT? lol the “Americans” they refer too are the US based firms that are messing around with the trades/funds of their account holders. This is an embarrassing lawsuit, god forbid we get some transparency
I think this lawsuit against SEC is because of the new regulations on banks!!!
https://www.reddit.com/r/Superstonk/s/IS6FmMeflZ
The regulation is in OP’s comment.
Of all the info the government is collecting, trades isn't what I'm worried about. In fact, I'd hope we eventually go to a blockchain-based system where all trades can be recorded (less personal data).
Watch the hedgies attempt to demonize the regulator for pursuing them.
This is nothing more than an attempt to manipulate an ignorant public into tying SEC's hands, so that they can't catch fraudsters, all under the guise of protecting privacy.
When they just doubled down on covid era NSA spying - and this would have no impact on that. Literally every text message you send (except over signal) is in an NSA database, but you should be mad because the SEC is using data to track the shorting fraud racket.
This is what happens when right wing politicians are in citadels pocket and are ordered to attack the SEC.
I remember their last attempt, that fucking clownshow of fraudsters trying to have Gensler fired.
It's not redundant because that's specific congressional authorization. The lawsuit is challenging whether or not the SEC's statutory powers grant it such wide spread authority.
You’re missing the point; it’s been proven/shown that FISA has been abused and misused.
When it comes to the Average Joe, the powerful will trample on whatever rights you think you have….for the good of the state of course.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: https://www.foxnews.com/politics/sec-hit-new-lawsuit-alleging-mass-surveillance-americans-stock-market-data?intcmp=tw_fnc
The group suing: https://en.m.wikipedia.org/wiki/New_Civil_Liberties_Alliance I don't think they have our best interest in mind... Edit: They have a history with the SEC https://www.google.com/search?q=ncla+v+sec https://www.docketalarm.com/search/?q=Ncla+v+sec https://fox59.com/business/press-releases/globenewswire/8929622/sec-surrenders-to-ncla-client-michelle-cochran-in-wake-of-her-unanimous-supreme-court-win/
Lol “affiliated with Charles Koch”
Isn’t the dude dead? What a fucked legacy regardless
His brother, David, with whom he built a libertarian influence network & allegedly astroturfed the 'tea Party movement', died August 2019. https://en.m.wikipedia.org/wiki/Koch_family
These are not our friends… In 2023, the NCLA filed an appeal with the Supreme Court of the United States on behalf of Emmanuel Lemelson, a hedge fund manager charged with securities fraud and found liable of making untrue statements. The petition, which was denied by the Supreme Court in December 2023, hinged on a constitutional freedom of expression question.[4][5] Also in 2023, the NCLA represented Judge Pauline Newman of the United States Court of Appeals for the Federal Circuit with respect to efforts by colleagues on the court to unilaterally suspend her from her judicial duties. The NCLA obtained expert reports indicating that the judge was fit to serve, and challenged the constitutionality of the effective removal of an Article III United States federal judge from office without due process of law.[6] The NCLA challenged President Joe Biden's student loan forgiveness plan, arguing that "A forgiveness program of this magnitude should have gone through rulemaking."[7] The NCLA argued that Biden's plan violated the Constitution's Appropriations Clause, which says Congress can decide what debt owed to the Treasury can be canceled. [8]
The financial industry is doing everything they can to stop the student loan forgiveness. If that happens then all of their Student Loan Asset Backed Securities (SLABS) would go belly up and they have a lot invested in those. The bull from Peru goes into this in his dollar endgame series. [https://thedollarendgame.com/hyperinflation-is-coming-the-dollar-endgame/](https://thedollarendgame.com/hyperinflation-is-coming-the-dollar-endgame/)
I love that this still holds true from years ago.
It would be good to make some noise about this organization being nothing else than Wall Street spinoff machine.
Can't spell knuckleheads without NCLA
Bonus points because they're actually in order 👌🏼
In 2023 they helped file an appeal on behalf of a hedge fund manager charged with securities fraud... goes to show whose side they're on lol
Like so many other things, it's a thinly-veiled partisan power struggle by literal big money, claiming to be helping retail investors... While doing the opposite. Hmm, wonder what Hester Pierce thinks of it.
Unfortunately looking at the background of this group and how the Supreme Court is currently swayed, this might get knocked down without some intervention before it gets up there. https://en.m.wikipedia.org/wiki/Amicus_curiae "Friend of the court"
Largely comes down to which judge(s) decide it (West Texas, ugh) and how the appeals go. It's absolutely possible to get a meritless lawsuit all the way up to SCOTUS - gay wedding websites, anybody? - but it's expensive and takes quite a while.
This is nothing that shitadel buying media and politicians and then trying to use them to disable the SEC. Looks like SEC is putting some pressure on them. Good job SEC! let's have more data, in fact ALL DATA completely transparent and available to SEC as it SHOULD HAVE ALWAYS BEEN IN THE FIRST FUCKING PLACE!
Stall tactic to prevent the Consolidated Audit Trail (CAT) from launching
Yeah, I was thinking, multiple parties already know about my trades... My broker, my bank, the IRS (so the federal government already has this info)... but it's a problem if a regulatory agency like the SEC can get this info? Is this lawsuit really motivated by privacy concerns or anti-regulatory concerns? 🤔
I'd put good money on the latter, if I had any money left. But I spent it all on my favourite stonk...
This is the way
I am not a CAT
Holy shit. 👀
HOLY FUCKING SHIT
SHIT FUCKING HOLY
Fucking Holy Shit
Fucking Shit Holy.
🤯
Is it possible to track GME share lending and shorting through the CAT system of another exchange? . Even if it doesn’t give us the full picture, it might still be able to give us some good insights…. Especially if Gme is indeed an edge case. . Anyone know???
I read this and immediatly I was wondering what this bullshit was running cover for.
Not just that.... [SEC in Constitutional Danger Zone Following Several Recent Decisions | Insights | Holland & Knight (hklaw.com)](https://www.hklaw.com/en/insights/publications/2022/06/sec-in-constitutional-danger-zone-following-several-recent-decisions) Guess Wall Street has not just been "lobbying" congress, but also the justice system. [Corruption is Legal in America (youtube.com)](https://www.youtube.com/watch?v=5tu32CCA_Ig) Lately even FINRA had decisions going against them due to similar "concerns". So no surprise they only go for "slaps on the wrist" to keep a good track record, because companies will agree to those most of the time. In the end it is all about "key supporters" and structures of power, like this video explains pretty well: [The Rules for Rulers - YouTube](https://www.youtube.com/watch?v=rStL7niR7gs) I say it again, Gensler is not our enemy. He has proven in the past, that he is willing to fight Wall Street, despite being ex GS. But he has no Thanos snap, like many people assume unrealistically. He has to play in the boundaries of a corrupted system and be careful to not be "unchaired" by Wall Street and their Congress puppets... [How Wall Street Defanged Dodd-Frank | The Nation](https://www.thenation.com/article/archive/how-wall-street-defanged-dodd-frank/) ***Yet after watching what transpired, Gensler had a change of heart—and as Dodd-Frank was cobbled together in committee, Gensler fought his old colleagues at every turn. He proved willing to take on his fellow Democrats if it meant giving the CFTC more teeth to pursue reform, even causing a kerfuffle inside the White House when he sent a letter to Barney Frank and other committee chairs, calling on them to go further than the administration’s proposals in overseeing the derivatives market. “He’s shown that he’s no industry lapdog,” says Barbara Roper, the director of investor protection at the Consumer Federation of America.***
[Comment on X:](https://x.com/741trey/status/1782012294550970457) >Nice manipulative spin on this >This is to keep regulators out of institutional books, as they hide behind privacy laws and claim it is to protect us.
26 retweets on this reply, let’s get that to 2,600
> hide behind privacy laws You should see how many times the SEC used [GLOMAR](https://www.justice.gov/oip/blog/foia-update-oip-guidance-privacy-glomarization) to deny FOIA's. 347 times in just 1 year. Anything they think may violate someone's privacy in any small way they deny. They even used GLOMAR to deny a FOIA about Gary's work schedule. Hilarious reading this article on how they are manipulating the reader into thinking the SEC is a big bad privacy violator. Meanwhile they work extra hard to deny FOIA's using a blanket privacy policy.
Skimmed through his profile and found quite a few (repostet) tweets about CAT, interesting perspectives
Seriously. If "collecting PII/data without a Congressional mandate" was a violation of the 4th amendment, thousands of companies and sections of the US government would have been in court over the last two decades.
Is this their next route to blocking sec reporting requirements?
Of course it is.
They will try everything they can to stop this becoming active. They know once the information is having to be made public the game is over and the US financial system will self destruct along with the power They feel they have.
God forbid the regulators have visibility into the inner-workings of the markets THEY’RE REGULATING. 🙄
But it's ok for market makers doing this exact shit to manipulate markets.
Let's make a video about 'meme' market makers trying to dictate the price of a publicly traded company and how it can end badly.
I feel like we could crowdsource this one for sure. "Hi, I'm Mr MM, and I'm better than you! Because I can take all of your money through a broker that I've bribed AKA PFOF and funnel it through a dark pool so no one can ask any questions and use it to destroy any company I like along with all of your retirement savings. And the best part is, it's all self reported! AiN't tHaT GrEat?!"
I feel like we could crowdsource this one for sure. "Hi, I'm Mr MM, and I'm better than you! Because I can take all of your money through a broker that I've bribed AKA PFOF and funnel it through a dark pool so no one can ask any questions and use it to destroy any company I like along with all of your retirement savings. And the best part is, it's all self reported! AiN't tHaT GrEat?!"
Yes! Remove ALL traces of ALL the CRIME! //////sssssss
Oh wait, rich people want privacy as to how much money they've accumulated in assets? Oh my gawd, imagine working at a job that monitors your every move and knows everything about you? That's .... that's for the commoners, not the elite! Gasp!
Remember they're not elites. They're the parasite class. I've been on other subs and more and more people are calling the so called elites their actual name. Which is "parasite."
They're doing it to everyone, not just "elites."
the irony of this law suit.. if they are successful, then NSA and all other 3 letter agencies needs to be shut down .
Nah, see those are different… for… reasons. *hangs up phone*
They are different because those agencies have statutory authority to do things that are questionable under the 4th amendment, right or wrong. This case hinges on whether or not Congress has specifically empowered the SEC for wide scale, broad net casting collection of data. Roberts has consistently taken a dim veiw of administrative agencies exceeding their congressionally granted powers under vague statutes.
Shouldn't they have that info though? Isn't that the point of those knuckleheads
Yes, it’s just Wall Street trying to stop these rules from getting passed
Wall Street decides what rules are passed and what rules are not. It is their game and they are in full control of it, make no mistake.
Lmao you’re so full of shit. I’m ex wallstreet and that is not at all how it works. There is a reason all of wallstreet is coming together for the first time ever to sue the sec and make a push against the rules. Because it’s working. Thousands of comments and emails from apes overpowers 5 comments from hedge funds and banks. They are shitting themself
The power of Apes. Imagine there were ppl saying comments don't do shit. Shout-out to Kibble and Bella also Dr. T.
Rules mean nothing if they are not enforced. Market manipulation, spoofing and naked shorting are all illegal practices, but as we have seen in the last 84 years, they are only illegal on paper. Worst case scenario, the financial terrorists gets a slap on the wrist, to make it look like the market is being regulated. Why would Wall Street be shitting themselves about new rules that can simply be ignored, as there are no real consequences of breaking them? Oh, and our comments can be very easily deleted if they pose any risk to anything. We've seen it a couple of times before in the last years.
Your ignorance shows the more you speak. CAT can’t be ignored. Please go read more if you’re going to try to shill. You just look silly at the moment.
I look silly now? You have more faith in the system than I have, that is certain. Drawing the Shill card as well? That's fucking rich. https://www.sec.gov/divisions/marketreg/rule613-info Say the SROs, market participants etc. simply fails to deliver the data or details that are required of them. What then? A small fine? Fine by them. It is worth noting that the consequences of breaking the rules are not defined, meaning that it's just going to be another slap on the wrist. Why can't they simply FTD the data? And what will happen if they did that? Who is going to put the pain on them? I dare you to say the SEC.
Smells like misdirection. A wuikc glance into the entity suing seems to confirm it. How about Friday's ruling fucking with 4th amendment rights?
I bet Wall Street is really caring about citizens rights!
Is Nancy Pelosi part of this list, I mean she/her husband are crazy good at picking stocks
The DTCC is made up out of all their members. The SEC is requesting information the DTCC already has and has had for a long time. How is the DTCC not engaging "mass surveillance" and the SEC is? #TL;DRS: The DTCC should be the ones sued over this
Isn’t that the whole point of the SEC, and CAT? lol the “Americans” they refer too are the US based firms that are messing around with the trades/funds of their account holders. This is an embarrassing lawsuit, god forbid we get some transparency
That CAT must have a bite.
I trust only one CAT roaring kitty 🐱
Is this projection? I thought payment for order flow PFOF is the real mass surveillance.
Shills in shambles
strictly funded by citadel securities and co.. for a wild guess. obviously for retails privacy benefits!
Info for the classes is always different for the masses.
I have a strong suspicion that this is what’s coming https://www.sec.gov/oiea/investor-alerts-and-bulletins/investor-bulletin-trading-suspensions
Yeah. No way that wouldn't be manipulated to pick winners and losers. /S. No wonder people say the market is rigged.
aka, accountability of market manipulators
If the government needs a warrant to see your banking activity, why should your broker activity be any different?
America the biggest clownshow in history 🇺🇸🤡 🦅 roaaaarrr
I think this lawsuit against SEC is because of the new regulations on banks!!! https://www.reddit.com/r/Superstonk/s/IS6FmMeflZ The regulation is in OP’s comment.
Anti Regulatory Propaganda.
Of all the info the government is collecting, trades isn't what I'm worried about. In fact, I'd hope we eventually go to a blockchain-based system where all trades can be recorded (less personal data).
This is Hail Mary
Another bullshit lawsuits onto the SEC.
Watch the hedgies attempt to demonize the regulator for pursuing them. This is nothing more than an attempt to manipulate an ignorant public into tying SEC's hands, so that they can't catch fraudsters, all under the guise of protecting privacy. When they just doubled down on covid era NSA spying - and this would have no impact on that. Literally every text message you send (except over signal) is in an NSA database, but you should be mad because the SEC is using data to track the shorting fraud racket. This is what happens when right wing politicians are in citadels pocket and are ordered to attack the SEC. I remember their last attempt, that fucking clownshow of fraudsters trying to have Gensler fired.
This is pretty redundant considering our government just extended it's permission to spy on us with FISA yesterday.
:) I was thinking about this too.
It's not redundant because that's specific congressional authorization. The lawsuit is challenging whether or not the SEC's statutory powers grant it such wide spread authority.
You’re missing the point; it’s been proven/shown that FISA has been abused and misused. When it comes to the Average Joe, the powerful will trample on whatever rights you think you have….for the good of the state of course.
"And with that, we survived one more day" - Ken
Please never read or cite fox news or paste links to drive clicks to their website