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Lawsuit Seeks To Stop The SEC’s Decade-Long Assault On Your Investment Data And Basic Rights

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The Securities and Exchange Commission unconstitutionally mandated the seizure of data of every purchase or sale of securities in the U.S. markets, a lawsuit filed Tuesday in a Texas federal court alleged.

The lawsuit, Davidson v. SEC, challenges the Consolidated Audit Trail, or CAT, which the SEC has been quietly working to implement for over a decade. Here’s what you need to know about CAT and the lawsuit.

Decades in the Works 

CAT’s origins date back to 2010 and the Obama administration. That year, under the guise of preventing another “flash crash,” in which market indices dropped some 15 percent before quickly rebounding, the SEC first promulgated Rule 613. That rule directed the creation of CAT, a database that, as the SEC explained in a press release, would track “every order, cancellation, modification and trade execution for all exchange-listed equities and equity options across all U.S. markets.”

Rather than create the desired database itself, however, the SEC, by regulation, mandated that various “self-regulated organizations” (SRO), namely the Financial Industry Regulatory Authority (FINRA) and a dozen or so national securities exchanges, create CAT. Rule 613 specified the parameters for CAT and required the collection of data sufficient to identify the individuals conducting the trades, the dates and times of any orders placed, any material terms of the order, and details concerning the broker proceeding with the order. 

Under CAT, the SEC will have access to the data to conduct later searches at will. It isn’t merely the SEC with access to

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Leftists Get What They Paid For In Wisconsin Supreme Court Flip-Flop Allowing Ballot Drop Boxes

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They say you get what you pay for. Swing state Wisconsin is getting the erosion of election integrity laws, thanks to a mountain of leftist money that changed the makeup of the state’s Supreme Court.

On Friday, just as President Joe Biden was slated to make a campaign visit to capital city and leftist enclave Madison, the left-leaning Wisconsin Supreme Court reversed a previous court ruling and endorsed the widespread use of absentee ballot drop boxes in November’s election. The ruling opens the door to the same kind of election shenanigans that plagued the Badger State in 2020. 

“Our decision today does not force or require that any municipal clerks use drop boxes. It merely acknowledges what [state statute] has always meant: that clerks may lawfully utilize secure drop boxes in an exercise of their statutorily-conferred discretion,” the 4-3 ruling states. 

But that’s not how the Wisconsin Supreme Court saw the matter in 2022 when the then-conservative majority ruled that widespread use of unattended absentee drop boxes violated state law. The court ruled that way because the statutes in question do not allow for the widespread use of absentee drop boxes. 

“The law’s requirement that a ballot be returned in person to the municipal clerk does not mean leaving it somewhere for the clerk to pick up,” said Rick Esenberg, president and general counsel of the Wisconsin Institute for Law & Liberty, the Milwaukee-based public interest law firm that filed the original lawsuit opposing the proliferation of the drop boxes. 

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Joe Biden Is Not A Decent Man

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Even as they attempt to force him out, Democrats are still praising the sterling character of the president, especially in contrast to Trump. But that’s always been a lie.

As corporate media and a growing number Democrats try to force Biden to stand down — an effort that, at the moment, appears to be failing due to the adamant refusal of the Biden family including his wife, Dr. Jill, and son, Hunter, to give up power — the standard refrains heard on MSNBC and CNN debates about the issue always include the requisite tribute to his greatness as a president and his inherent decency and goodness.

We can dismiss the claim that his administration has been a great success, an astonishing disconnect with the reality of an inflation-ridden economy, open border, and a world in chaos on his watch, that is nonetheless ritually repeated regularly on the left-wing news channels. But Democrat partisans actually think they are on firmer ground in affirming that he’s a great guy — and therefore a stark contrast to Trump, whom they denounce as personally evil — even as they come to grips with the fact that he lacks the mental acuity to be the leader of the free world.

But the notion that “Scranton Joe” is a nice guy is as wrongheaded as the claim that he’s mentally competent or a brilliant leader.

A Record of Lies and Slander

The one constant about Biden has been his essential meanness, which, when combined with his

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‘Bad Night,’ ‘Bad Cold,’ Trump ‘Shouting,’ Oh My! Biden Spouts More Excuses For Debate Flop

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Joe Biden and his team continue to spout a stream of excuses for his abysmal first 2024 debate performance, with the latest attempted justifications coming straight from the president himself.

During a sitdown interview with ABC News’ George Stephanopoulos on Friday, Biden blamed exhaustion, a “bad night,” not listening to his “instincts in terms of preparing,” a “really bad cold” and “feeling terrible,” former President Donald Trump “l[ying] 28 times,” and Trump “shouting” and distracting him.

These excuses follow a week-long effort by the White House to defend Biden’s startlingly bad debate performance. For her part, White House Press Secretary Karine Jean-Pierre cited jet lag, a cold, and old age before insisting the president is “as sharp as ever” at a press briefing Wednesday right before the long holiday weekend.

“There’s no question that international travel can be rigorous. I think the confusion is that he’s still suffering from the effects of that nearly two weeks later,” a reporter asked. “[D]o you guys usually have accommodations for him after he does a trip, that he’s gonna have jet lag for that long a period of time?”

“It’s the jet lag and also the cold, right?” Jean-Pierre insisted, “It is the two things, uh, that occurred.”

REPORTER: How is it possible that Biden would suffer from “jet lag” two weeks after he got back from his trip…?

KARINE JEAN-PIERRE: “It’s the jet lag AND also the cold, right?” pic.twitter.com/HYQ3r6dlwH

— RNC Research (@RNCResearch) July 3, 2024

She later framed the defense

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