Monday, July 6, 2015

NSA To Implement Surveillance On Stock Market

The seal of the U.S. National Security Agency....
The seal of the U.S. National Security Agency. The first use was in September 1966, replacing an older seal which was used briefly. For more information, see here and here. (Photo credit: Wikipedia)
The Financial Industry Regulatory Authority's database tracks investors subject to investigation for wrongdoing. However, it was recently revealed that the National Security Agency can review private financial information of these investors. They can track and access this information in real-time. Even trades can be seen as soon as they occur. Therefore, the Comprehensive Automated Risk Data System seems to have welcomed such a development. Corporations and high-volume traders are known to fix the stock markets. 

Then again, the government is known to manipulate the markets to avoid crashes and other issues. Research has shown that the NSA is more than willing to influence transactions on the market. Documents have revealed the NSA could be accessing financial institutions and changing around the funds in bank accounts. Its widely agreed upon that no government entity should engage in such practices. 

The NSA uses various databases in order to accomplish these illicit acts. Likewise, this particular agency is known to monitor credit card transactions through various companies. It's highly likely that the CARDS database will be used to influence the Stock Market. Unfortunately, the repercussions of this development could be huge. There is no reason that the government should stick its hand in the markets in this day and age.

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