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L33n1xu5 t1_j9j3ozx wrote

The SEC isn't going to track YOUR trades, they're going to track your broker's trades.

The article is fearmongering making you think this is a bad thing so you can get outraged and ask the SEC to stop monitoring "your" trades. Finally, maybe something will come of this.

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OfLittleToNoValue t1_j9jf6dx wrote

This is all hilarious bullshit.

They're acting like knowing I bought spy calls is a threat to my freedom.

This is how the rich convince you to fight things they don't want.

Like how many broke as fuck rednecks do you know with oddly impassioned feelings on estate taxes?

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iPigman t1_j9jolq3 wrote

But, but, but , muh def tax!!!11!!

I don't know of any "broke ass" rednecks, but I do enjoy their gesticulation in front of the Media.

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wickedmen030 t1_j9jwqwd wrote

I don't care. I just don't like a state that knows everything i do or where i have been. People will break up with there partner for this but will simp for a state or big tech doing this.

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oboshoe t1_j9ka9up wrote

the step from tracking broker trades to individual trades is pretty trivial.

simply require the broker to include a few extra fields to include beneficial owner data.

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Negative-Mood t1_j9leqcy wrote

Then they can tie the shell company trades to the beneficial owner as well and we will have our own Panama Papers to review.

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Negative-Mood t1_j9lef4c wrote

I love the large volume price swings that happen the day, or days, before news is publicly available. We all know that is insider trading, but SEC rarely does anything about it. Maybe now the will.

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Okbutbushdid711 t1_j9m5490 wrote

Do you really think the government will become more competent? Theyll probably just have a data center that will have thousands of Petabytes of data in it that will never get looked at until we have quantum computers and the need to target someone

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Negative-Mood t1_j9nk4kf wrote

At least now their agents can use it to investigate reports by whistleblowers and others who notice the behavior. No, I do not believe they will actively monitor for suspicious trading patterns and use the database to actually crack down quickly. Government and bureaucracy moves very slow, and is always at least 10 years behind abuses of technology.

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AnonymousLoner1 t1_j9lm314 wrote

You mean like how other laws that's supposed to regulate the big guys somehow get turned against the little guy instead?

They don't even enforce the laws we already have against the big guys, only when it's OUR trades.

Keep hopemongering.

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