SEC's 'Orwellian' Trade Database Is Unlawful, 11th Circ. Told <https://www.law360.com/cybersecurity-privacy/articles/1796332?nl_pk=3dfd2fda-f577-4ca3-b044-105f63bbbdaf&utm_source=newsletter&utm_medium=email&utm_campaign=cybersecurity-privacy&utm_content=2024-02-12&read_main=1&nlsidx=0&nlaidx=6>
By Jessica Corso Citadel Securities LLC and the American Securities Association have laid out their objections to a U.S. Securities and Exchange Commission directive that requires brokerage firms to fund the buildup of a database known as the consolidated audit trail, telling the Eleventh Circuit that the tool created an "Orwellian surveillance regime" that puts American investors at risk of being hacked. Brief attached | Read full article » <https://www.law360.com/cybersecurity-privacy/articles/1796332?nl_pk=3dfd2fda-f577-4ca3-b044-105f63bbbdaf&utm_source=newsletter&utm_medium=email&utm_campaign=cybersecurity-privacy&utm_content=2024-02-12&read_more=1&nlsidx=0&nlaidx=6> | Save to favorites » <https://www.law360.com/cybersecurity-privacy/articles/1796332?nl_pk=3dfd2fda-f577-4ca3-b044-105f63bbbdaf&utm_source=newsletter&utm_medium=email&utm_campaign=cybersecurity-privacy&utm_content=2024-02-12&read_later=1&nlsidx=0&nlaidx=6>
