The right to be left alone

The Securities and Exchange Commission arrived in my professional world not with a warrant but with a letter. A Wells Notice, technically — the agency’s notification that staff intended to recommend enforcement action to the commission. The subject wasn’t me. I was called in as an expert witness in a fiduciary dispute. But that engagement introduced me to what federal financial surveillance looks like from inside the process: document demands reaching back years, trading records, client communications, all obtained not through a judge but through an administrative subpoena.The Fourth Amendment says the government can’t conduct unreasonable searches and seizures without a warrant supported by probable cause. I knew that.

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Excerpt limited to ~120 words for fair-use compliance. The full article is at Washington Examiner.