This is the Cato Daily Podcast for Thursday, February 21st, 2019. I'm Caleb Brown.

Forgive this blatant commercial, but Cato Audio is the Cato Institute's monthly round-up of speeches and events hosted by yours truly.

In this month's edition for a monthly roundtable I spoke with Kato's Clark Neely

and Bob McNamara of the Institute for Justice about Cato's lawsuit against the Securities and Exchange Commission.

You can, of course, subscribe to Cato audio at our website, Cato.org.

The Cato Institute would like to publish a book that contains

some pointed criticisms of the Securities and Exchange Commission, but the

Securities and Exchange Commission also has a policy of imposing gag orders on settling defendants in civil enforcement actions.

So we should note that these have been perpetual gag orders.

And so the Cato Institute is suing the Securities and Exchange Commission

to allow this gentleman to publish his book through Cato.

I'm joined by Clark Neely,

who is the director of the Cato Institute's

project on criminal justice,

and Bob McNamara, who is representing

the Cato Institute at his law firm, the Institute for Justice.

Gentlemen, welcome.

Let's begin here.

Clark, detail for us how Cato got involved in this.

Well, a fairly well-known law professor who I'm acquainted with contacted me about a year and a half ago and said that he had someone that he was in touch with who had had a very bad experience

with not just the SEC, but also DOJ.

He was both, he was sued civilly in an SEC enforcement action.

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