The SEC wants to build a database with personal info. of all stock market investors

Discussion in 'privacy problems' started by hawki, Jul 26, 2019.

  1. hawki

    hawki Registered Member

    Joined:
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    DC Metro Area
    "Congress warns the SEC: Don’t expose Americans to Chinese hacking

    Seven... senators sent a letter Wednesday to SEC Chairman Jay Clayton objecting to plans for the new database — called the Consolidated Audit Trail (CAT) — designed to collect the personal identifiable information of every American who has money in the stock market. Following through on those plans would create a target that hackers from China or any other country would find too attractive to ignore, they argue...

    The idea is to create one massive database to which brokerages and exchanges send all data on all equity and options trades...

    The senators’ letter proposes keeping the CAT database, but also advises that it should not be filled with the personal information of millions of American retail investors..."

    https://www.washingtonpost.com/opin...icans-chinese-hacking/?utm_term=.e0ab5428ed4e
     
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