Citadel Securities has opposed a new Securities and Exchange Commission (SEC) initiative to create a market-tracking database, criticizing it as a 'massive, unprecedented government surveillance system.' The firm argued in a US appeals court that the database could lead to billions of dollars in costs for the financial services industry and threaten investor privacy. The initiative aims to monitor all trades, including those of stocks like $RH, $AMC, and $GME, with proponents suggesting it could improve the detection of insider trading and pump-and-dump activities.
“massive, unprecedented government surveillance system” Griffin’s Citadel Securities Blasts ‘Massive’ SEC Market Tracker https://t.co/APPD1UGOrs
"A new Securities and Exchange Commission market-tracking database is a “massive, unprecedented government surveillance system” that could cost the financial services industry billions of dollars and compromise investors’ privacy, according to Citadel Securities. The company,…
Citadel is challenging a massive SEC initiative to create a database monitoring all trades. I personally think this database is for the better and would help better monitor insider trading and pump & dump activities. $RH $AMC $GME A new Securities and Exchange Commission…
My latest for @NYTimes: HIV Groups Warn of Privacy Risks in How C.D.C. Tracks Virus Samples Since 2018, the agency has mandated tracking the genetic signatures of viruses collected from people with H.I.V., a practice known as molecular surveillance. The Centers for Disease… https://t.co/wUgJQZ2sIW
A new SEC market-tracking database is a “massive, unprecedented government surveillance system” that could cost the financial services industry billions of dollars and compromise investors’ privacy, Citadel Securities told a US appeals court. https://t.co/V6xKobQtDP