New York, NY — The Orthodox Jewish Chamber of Commerce (OJCC) today announced that it has joined Advancing American Freedom (AAF) in filing an amicus brief in Davidson v. Atkins, a critical federal case challenging the U.S. Securities and Exchange Commission’s Consolidated Audit Trail (CAT)—a sweeping data-collection system that captures information on every stock transaction made by Americans.
The CAT, implemented by the SEC without explicit congressional authorization, collects detailed personal and financial data whenever individuals buy or sell securities. This unprecedented system subjects millions of Americans—including small business owners, investors, retirees, and community institutions—to mass financial surveillance.
Investors previously challenged the CAT, but the district court stayed the case after the change in administration while the SEC reviewed whether to rescind the program. The SEC has now requested an additional six-month delay, effectively prolonging the collection of Americans’ sensitive financial data.
In its amicus brief, joined by the Orthodox Jewish Chamber of Commerce, Advancing American Freedom argues that the court should deny the SEC’s request for further delay and proceed with judicial review.
“Justice delayed is justice denied,” the brief states. “Even a brief loss of constitutional freedoms constitutes irreparable injury.”
The Orthodox Jewish Chamber of Commerce emphasized that prolonged delay allows continued infringement on privacy rights, due process, and constitutional protections, particularly affecting entrepreneurs, investors, and minority-owned businesses that already face disproportionate regulatory scrutiny.
“Americans should not be forced to surrender their financial privacy while a federal agency delays accountability,” said Duvi Honig, Founder and CEO of the Orthodox Jewish Chamber of Commerce. “The Constitution does not permit mass surveillance by regulation—especially without clear authorization from Congress. Our business community deserves transparency, limits on government overreach, and timely judicial review.”
The Chamber reaffirmed its longstanding commitment to economic freedom, civil liberties, and responsible regulation, standing alongside partners who believe that financial security and constitutional rights must go hand in hand.
The Orthodox Jewish Chamber of Commerce urges the court to move forward without further delay and bring long-overdue scrutiny to the SEC’s Consolidated Audit Trail.