SEC hit with new lawsuit alleging 'mass surveillance' of Americans through stock market data

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The Securities and Exchange Commission is illegally collecting data of every citizen who invests in the stock market, a new lawsuit by the New Civil Liberties Alliance claims.

The Securities and Exchange Commission is illegally collecting data of every citizen who invests in the stock market, according to a new lawsuit.

The lawsuit, filed in the district court for the Western District of Texas, calls CAT 'the greatest government mandated mass collection of personal financial data in United States history.' 'Historically, a government that wished to track its citizens had to devote large resources to having them followed.

 

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