this post was submitted on 08 Aug 2026
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[–] jaybone@lemmy.zip 23 points 2 days ago (1 children)

Why the hell is the SEC doing this?

Guess I’ll read the whole article to find out.

The report is especially surprising because the SEC is a civil financial regulator tasked with investigating insider trading, securities fraud, and market manipulation. It's not an intelligence or counterterrorism agency

So…?

So:

Critics say buying commercially available records allows government agencies to bypass safeguards that could require a warrant or court order if the information were demanded directly.

The SEC is controlled by regime flunkies now. This is an end-run of the 4th amendment.

ARC announced last November that it was shutting down TIP following pressure from lawmakers and reports about its government contracts. The program ended in 2025, but the newly released SEC documents reveal that its reach was far wider than previously known, and that overseas travelers were included in the system.

In related news, it was reported in March that FBI Director Kash Patel defended the bureau's continued purchase of Americans' location data, despite warnings from lawmakers that the practice sidesteps Fourth Amendment protections.