In an op-ed for The Wall Street Journal, financial firm Stephens Chair and CEO Warren Stephens and American Securities Association Chair Paul Reilly propose the U.S. Securities and Exchange Commission halt its centralized database created under Consolidated Audit Trail rules that tracks U.S. investors' personal and financial data. "Our customers have a right to invest without fear — and without the SEC peering into their portfolios whenever it feels like it," they wrote.
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