The SEC should stop opposing updates to the Electronic...
The SEC should stop opposing updates to the Electronic Communications Privacy Act, said think tanks and public interest groups in a Friday letter to the commission (http://bit.ly/1ewXrKZ). “Yes, the SEC -- the agency charged with regulating the securities industry --…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
has brought the ECPA update to a screeching halt,” said the American Civil Liberties Union in a Friday blog post about the letter, which also included the Americans for Tax Reform, the Center for Democracy & Technology and the Heritage Foundation (http://bit.ly/1kRmZpL). The ACLU said the SEC does not want the law updated to require a warrant to access email older than 180 days, which is the law’s current cut-off. “The SEC is trying to frame the issue as a loss of authority, it is really a power grab -- one that would apply not just to the SEC but all federal and state agencies, including the [Internal Revenue Service], [Drug Enforcement Administration], and even state health boards,” said the ACLU. The SEC did not comment.