The CAT declawed as Citadel’s case reaches end game
The SEC reduced the CAT’s capacity to collect information on investors, in a move that will have knock-on effects for its ongoing funding model case with Citadel.
On February 10, a week after oral arguments were heard for Citadel Securities and the American Securities Association’s suit against the SEC about the proposed funding model for the Consolidated Audit Trail, the US regulator issued a press release.
The document announced that there would be, from that point forward, an exemption from the requirement to report personally identifiable information (PII) to the CAT. SEC acting chairman Mark Uyeda said in the release that the order “eliminates the
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