# Multimedia 

Multimedia 

---

- [Podcasts](/podcasts)
- [Cato Video](/multimedia/cato-video)
- [Video Series](/search/category/video-series)
- [Events](/multimedia/events)

[ 

Download Episode 

](https://feeds.acast.com/public/streams/5e28e0d8963f166217546493/episodes/68d16e7a02bd59159735e741.mp3)Subscribe:

[ 

Apple Podcasts 

](http://itunes.apple.com/podcast/cato-daily-podcast/id158961219) [ 

Spotify 

](https://open.spotify.com/show/4dHRhKEljj8zcLdl3Gvsv7) 

Cato Weekly Podcast • September 23, 2025 

# SEC Commissioner Challenges Financial Surveillance 

SEC Commissioner Hester Peirce joins Jennifer Schulp and Cato’s Norbert Michel to discuss how government financial surveillance has eroded Americans’ constitutional privacy rights through tools like the Consolidated Audit Trail. Peirce advocates for principles-based regulation that protects individual financial privacy while allowing innovation to flourish, arguing that current prescriptive rules create barriers to entry and stifle competition. The conversation explores how new technologies could restore individual sovereignty over personal financial data, enabling Americans to reclaim control over their private information.

[![Creative Commons License](/build/cato_2020/images/creative-commons.svg)](http://creativecommons.org/licenses/by-nc-sa/4.0/) 
This work is licensed under a [Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License](https://creativecommons.org/licenses/by-nc-sa/4.0/). 

##### Featuring 

[![Norbert Michel Cropped](/sites/cato.org/files/styles/author_picture/public/2025-01/norbert-m-cropped.jpg?itok=8WIx97Dk)](/people/norbert-michel) 

##### [Norbert J. Michel](/people/norbert-michel)

Vice President and Director, Center for Monetary and Financial Alternatives, Cato Institute

[ 

](https://x.com/norbertjmichel) 

[![New Jennifer Schulp cropped image](/sites/cato.org/files/styles/author_picture/public/2023-03/jennifer-schulp-cropped-2.jpg?itok=kdrnmhHr)](/people/jennifer-j-schulp) 

##### [Jennifer J. Schulp](/people/jennifer-j-schulp)

Former Director of Financial Regulation Studies, Center for Monetary and Financial Alternatives, Cato Institute

![Hester Peirce circle](/sites/cato.org/files/styles/author_picture/public/2025-08/hester-peirce-circle.jpeg?itok=4-Rqdnbl) 

##### Hester Peirce 

Securities and Exchange Commission