John Harris wants the Securities and Exchange Commission to die. And the Texas native told it so, in no uncertain words, in a comment letter on August 12.
"The Commission's consolidated audit trail concept is despicable, a Big Brother/Total Information Awareness program for financial transactions. If made effective, this vile scheme would invade the privacy of every American transacting in U.S. securities markets. It is difficult to conceive of a more monstrous, arrogant, destructive proposal. Shame on you for promulgating this trash. Do your fellow Americans a favor and resign in shame," he wrote, in response to the federal agency's proposal to create an auditable trail of all securities transactions.