Washington, DC (April 22, 2024) – Today, the New Civil Liberties Alliance filed an amicus curiae brief asking the U.S. Court of Appeals for the Fourth Circuit to set aside the U.S. Securities and Exchange Commission’s partial affirmance of a sanction the Financial Industry Regulatory Authority (FINRA) illegally imposed on a North Carolina securities firm and its principal owner.…

Washington, DC (April 16, 2024) – Today, the New Civil Liberties Alliance launched a Complaint against the Securities and Exchange Commission (SEC) challenging the agency’s unconstitutional “Consolidated Audit Trail.” The CAT is the largest government-mandated mass collection of personal financial data in American history. Without any statutory authority, SEC is forcing brokers, exchanges, clearing agencies and alternative trading…

Washington, DC (March 29, 2024) – The New Civil Liberties Alliance has filed a petition with the U.S. Court of Appeals for the Ninth Circuit to review the Securities and Exchange Commission’s denial of our long-standing petition to amend the agency’s “Gag Rule.” In place for over five decades, this pernicious rule forbids every American who settles a regulatory enforcement…

Washington, DC (March 27, 2024) – Today, the New Civil Liberties Alliance filed a Complaint urging the U.S. District Court for the Southern District of Texas to declare that the Public Company Accounting Oversight Board is a private entity unlawfully exerting government power. The unconstitutionally structured Board exercises sweeping legislative, executive, and pseudo-judicial power bestowed by the Sarbanes-Oxley…

Washington, DC (March 27, 2024) – The New Civil Liberties Alliance has petitioned the U.S. Supreme Court for a writ of certiorari in Changizi, et al. v. HHS, a lawsuit combating the government’s unconstitutional assault on freedom of speech. NCLA’s petition asks the Court to resolve a circuit split between the Fifth and Sixth Circuits on what plaintiffs must show to…

Washington, DC (March 22, 2024) – The New Civil Liberties Alliance has filed an opening brief in National Center for Public Policy Research v. SEC urging the en banc U.S. Court of Appeals for the Fifth Circuit to set aside Nasdaq’s unconstitutional “Board Diversity Rules,” which SEC promulgated without statutory authority. These Rules impose gender, race and sexual orientation quotas on corporate…