CAT Fight: Legal Challenge to SEC's Stock Trading Database Draws Support

Also, banking industry takes a loss in a Texas federal court on CFPB rule; new hires at CSBS

When the New Civil Liberties Alliance sued to quash the SEC’s Consolidated Audit Trail earlier this year, the anti-administrative state group memorably likened the program to a Panopticon – a prison where inmates can be surveilled at all times by a single observer. The ominous-sounding description seems to have hit home.

In recent days, conservative orga…