Why We’re Suing the SEC – WSJ

Our organization hoped the SEC would change course, but the new database has left us with a choice: expose our customers to identity theft or protect their right to privacy. We choose the latter. On Monday the American Securities Association will file a lawsuit against the SEC. We take no pleasure in suing our regulator, and we didn’t come to this decision lightly. But the industry can’t abide a privacy threat to every U.S. investor. Saving and investing for retirement is hard enough. Americans shouldn’t also have to worry about cybercriminals from China and Russia.

via Why We’re Suing the SEC – WSJ.