SEC attorney defends personal information in the Cat

Regulators will need biographical information to get the most out of the Consolidated Audit Trail, advisor said, as broker-dealers and exchanges argue over liability for breaches.

Broker-dealers are terrified that the sensitive data of their customers could end up in the hands of hackers, but an attorney from the US markets regulator said it is necessary to collect this data to give regulators the power to perform detailed analysis on equities and options transactions, and spot financial crime.

Hugh Beck, regulatory reporting advisor to Allison Herren Lee, the acting chair of the Securities and Exchange Commission (SEC), defended the regulator’s requirement that

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FCA declines to directly regulate market data prices

A year-long investigation by the UK regulator to determine whether competition is hindered in the wholesale data markets has concluded with its decision not to directly regulate much-maligned data pricing and licensing structures.

How GenAI could improve T+1 settlement

As well as reducing settlement failures, researchers believe generative AI can provide investment managers with improved research, prioritization, and allocation resources.

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