SEC sued by trade association for details on record-keeping probe | Reuters

A financial industry trade association has sued the U.S. Securities and Exchange Commission for information about the agency’s multibillion-dollar crackdown on how banks and other firms handle work-related communication on personal devices.

The American Securities Association said in its lawsuit in Tampa federal court on Thursday that the SEC had improperly rejected its request under federal public records law for information detailing the enforcement effort, which began in late 2021 and has resulted in civil fines of more than $1.7 billion overall.

Source: SEC sued by trade association for details on record-keeping probe | Reuters