This bill protects the personal information of investors by limiting what the Securities and Exchange Commission can collect. It ensures that personal data is only used in specific investigations and must be destroyed quickly.
Protecting Investors' Personally Identifiable Information Act This bill prohibits the Securities and Exchange Commission (SEC) from requiring a national securities exchange or association (or a member of either) to provide a market participant's personally identifiable information to satisfy the reporting requirements of the Consolidated Audit Trail (i. e., data used to track market activity). However, this information must be provided to the SEC upon request if the information is related to a securities investigation. The SEC must destroy the information not later than one day after the conclusion of the matter for which this information was required.
Last changed 1 month ago · checked hourly
