US SEC Seeks Public Comment on Consolidated Audit Trail Trading Database
The U.S. Securities and Exchange Commission (SEC) is seeking public input on the Consolidated Audit Trail (CAT), a trading database mandated in 2012 following the 2010 flash crash. The review could reignite debates over the database's funding, structure, and cybersecurity concerns, with critics arguing it is costly and poses data risks.
Topics: Consolidated Audit Trail (CAT) Cybersecurity Financial Regulation Market Surveillance SEC Regulation