A February 18 Trump Executive Order ended regulatory agency independence and made his word law: executive branch staff may not dispute his interpretation.

"In order to improve the administration of the executive branch and to increase regulatory officials' accountability to the American people, it shall be the policy of the executive branch to ensure Presidential supervision and control of the entire executive branch."

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#ExecutiveOrder #TrumpAdministration #RegulatoryAgencies

@briankrebs The best way to prevent #dataexfiltration when breached is not to collect or store unnecessary data in the first place. That makes many of the current spate of #databreaches avoidable, self-inflicted incidents for which large companies are never held accountable in any truly meaningful way.

You're spot on when you say that #databrokers rely on large #datalakes of sensitive data they don't need directly. They also rely on large data sets where any typical datum may be harmless in itself, but often becomes sensitive or dangerous when aggregated, and often exponentially more so when connected to intrinsically sensitive data such as #PII, #PHI, or identity.

Setting aside the financial incentives and lack of accountability for the data brokers, how do #businessleaders, #regulatoryagencies, and #electedpoliticians justify this state of affairs to you? It's not like the public and private sectors don't also have data they want to protect, so why allow this shadow industry to prosper? This seems even more mystifying when it's so clearly a double-edged sword even for the brokerages' paying customers!

#GiftArticle on #SCOTUS #SEC ruling

SCOTUS invalidated the SEC’s use of in-house #legal proceedings to #discipline those it believes have committed #fraud — a blow to the #FederalAgency in one of several cases this term challenging the #power of the #ExecutiveBranch.

The court said the SEC’s internal tribunals (not fed courts) to bring #enforcement actions in #securities fraud cases violates the Constitution. The decision has implications for #RegulatoryAgencies.

#law
https://wapo.st/4cpnasQ

In conservative win, Supreme Court limits use of SEC in-house tribunals

The court said the Securities and Exchange Commission wrongly relies on internal tribunals, not federal courts, to bring enforcement actions in fraud cases.

The Washington Post

The third #SCOTUS decision of the day is from Chief Justice #JohnRoberts, on in-house judges for the Securities and Exchange Commission.
With the liberals dissenting, the court ruled that when the #SEC seeks civil penalties against a defendant for #securities #fraud, the defendant is entitled to a jury trial.

The decision in SEC v. Jarkesy is a significant win for #conservatives, who have long been chipping away at the #power of #RegulatoryAgencies & the so-called administrative state.

#law

An Aggressive #SupremeCourt Reshapes the US as Its Standing #Erodes. #conservative #supermajority is remaking US #laws on #environment, #health #firearms even as #PublicConfidence #declines and #ethical questions grow. With a 6-3 #conservative #majority, the court has issued a series of recent #decisions enhancing its own role, in many cases by overriding #regulatoryagencies, the #WhiteHouse, #congress, state and local governments. https://archive.is/TRxzE#selection-3797.0-3797.511

#BusinessAsUsual: More of the everyday reporting that is in the #AlternativePress on accumulating #wealth through #kleptocratic #RegulatoryAgencies where the government, if it does crack down, does not eliminate the #theft, but takes a cut via a small fine.

https://www.propublica.org/article/secret-irs-files-trading-competitors-stock

Wealthy Executives Make Millions Trading Competitors’ Stock With Remarkable Timing

Never-before-seen IRS records show that CEOs are sometimes making multimillion-dollar bets on the stocks of direct competitors and partners — and doing so with exquisite timing.

ProPublica