It is kind of like The Minority Report by Philip Dick (also made into a Tom Cruise movie), but now implemented by FINRA. The premise is that, with enough data and technology, crimes can be foretold and prevented before they happen. 

(According to Google, the difference between the book and the movie is that (i) in the book, the protagonist is a 50-year-old balding, out-of-shape police officer and (ii) in the movie, the protagonist is in his late 30s, handsome, and athletic, with…

Whether the U.S. government should issue a CBDC, and, if so, the privacy protections that should be associated with it, is an extraordinarily significant question—one that should be decided by legislators, not regulators. Legislators who purport to worry about the unreasonable exercise of executive powers should be particularly concerned about voting to grant such authority to the executive branch on a question of this magnitude.

This Order is arguably the most legally significant development during the Chair Gensler era with respect to digital assets. It is a concession that ether is not a security. And yet, to read the SEC's release approving the exchanges' listing applications, one might reasonably conclude that the SEC never had suggested, even remotely, that ether might be a security. Apparently, the topic did not deserve a sentence, not even a footnote.

"Like must be treated as like" is one of Chair…

Ongoing systematic violations of Rule 105 are simply foolish. The regulators have good technology, and this is a violation they are generally on the look-out for. For its foolishness, the firm lost all of its gains and paid a penalty of about 1.5x more.