‘Dystopian surveillance, suspicionless seizures’: Wall Street market monitor under attack

Politico – In a story about the Consolidated Audit Trail under attack, Healthy Markets President & CEO Tyler Gellasch is quoted saying “This tool is absolutely critical to making sure our markets are not prone to rife manipulation, and it’s absolutely critical to make sure the SEC knows what the markets are doing,” said Tyler Gellasch, a former SEC attorney who now leads the investor advocacy group Healthy Markets Association. Gellasch said there’s little question as to whether the SEC has the authority to get the information inside CAT — before warning that, if the system were killed, the SEC could effectively become blind to Wall Street’s daily activity. “The loss of it would be immediately a manipulator’s paradise,” he said. (Full Story).