The controversial Consolidated Audit Trail (CAT), which has already been fending off lawsuits and industry pushback, has had “instances of millions if not billions of late or inaccurately reported order events,” says Bill St. Louis, executive vice president and head of enforcement at the Financial Industry Regulatory Authority (FINRA). The need to stay on top… Read More >>
CAT Moves Closer to Becoming a Reality
The Consolidated Audit Trail (CAT) is approaching a milestone on Nov. 15 as major self-regulatory organizations (SROs) and exchanges are slated to start sending quote, order, trade and related information to the CAT central repository as specified under the National Market System Plan Governing the Consolidated Audit Plan (CAT NMS Plan). As many will recall,… Read More >>
