2 weeks ago
16
Reuters
Thu, April 16, 2026 astatine 10:38 AM CDT 1 min read
WASHINGTON, April 16 (Reuters) - The U.S. Securities and Exchange Commission said connected Thursday it is seeking nationalist remark connected whether it should comprehensively reappraisal the alleged Consolidated Audit Trail (CAT), perchance re-opening a decade-long quality implicit the trading database.
The SEC said it would question feedback connected however the CAT is funded, its purpose, structure, governance, design, scope and cybersecurity concerns, among different issues, successful a move that could springiness manufacture opponents different accidental to termination the project.
The SEC mandated the CAT's creation successful 2012 in effect to the "flash crash" of 2010, erstwhile large Wall Street indexes temporarily erased astir $1 trillion successful marketplace worth successful a substance of minutes. Officials accidental the database allows regulators to spot market manipulation and person cited its information successful enforcement actions.
But the CAT has agelong been mired in controversy, delays and litigation, with brokers arguing the task is unnecessarily burdensome and costly, and puts idiosyncratic information astatine risk from potential cybersecurity hacks oregon lapses.
(Editing by Daphne Psaledakis. Writing by Michelle Price. Editing by Mark Potter)
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