Mar. 9, 2023
March 9, 2023
Allowing a third party without consent of the employee to log into investment accounts is government overreach at its worst. Is the SEC going to be liable for any privacy or security breaches incurred by this third party? The SEC can not even secure its own information, as evidenced by the Edgar system breach in 2018, why would any right minded person trust them with their own personal finances, let alone a third party that they have no control over. This proposed rule change will lead to many talented individuals leaving the federal government, making the country weaker as a result.