By Lafayette Reporter |
Feb 23, 2024
Sen. John Kennedy and Sen. Tom Cotton have filed an amicus brief challenging the Securities and Exchange Commission's Consolidated Audit Trail (CAT), a program that will collect personal data of American investors. Kennedy expressed his concerns, stating, "More than 158 million Americans invest their hard-earned savings in the stock market, and they trust that their personal information is secure." He criticized the Biden administration for moving forward with the CAT without Congressional authorization, putting investors' data at risk and increasing their costs.Cotton...