Get the Pitchforks
While no one involved in the building of the stalled Consolidated Audit Trail is free from blame, Anthony says there are reasons to believe the CAT won’t ever materialize, regardless of the plan processor.
Perhaps 10 years from now we’ll all look back at the building of the Consolidated Audit Trail (CAT) and have a laugh assured in the fact that it was finally created and is running effectively—but today is the day for ridicule.
As James Rundle and I discovered while writing our feature on the building of the CAT (see page 12), there is plenty of blame to go around. So let’s do just that—let’s play the blame game.
The Obvious Choice
For many, the biggest offender is Thesys Technologies, which
More on Regulation
Waters Wavelength
Wavelength Podcast Episode 162: IEX on the Transaction Fee Pilot
IEX’s John Ramsay joins to talk about the SEC’s proposed Transaction Fee Pilot and why he thinks it should move forward.
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