SEC gunning to take over CAT in 2027
Chairman Atkins has plans for the SEC to run the Consolidated Audit Trail directly. Industry participants are split on the idea.
The US Securities and Exchange Commission is preparing to take “responsibility” of the Consolidated Audit Trail, the massive database of trade information used to identify bad actors in US financial markets.
On Monday last week, SEC chairman Paul Atkins laid out his plans for the CAT’s future in a letter to Robert Walley, the chair of the CAT NMS plan operating committee. “As staff consider the restructuring of the CAT, we will make it a priority to ensure that market participants are given a
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