There’s a twist in the ongoing saga of the Consolidated Audit Trail (CAT) via a new delay that actually has the approval of a key player in the securities industry. To remind you, the CAT system is the result of SEC Rule 613, which requires U.S. securities exchanges and FINRA, the self-regulatory organization (SRO) for… Read More >>
SEC Pushes to Shed Light on Dark Pool Operations
The SEC has voted to propose new operational-transparency and regulatory-oversight rules for alternative trading systems that trade stocks listed on a national securities exchange (NMS stocks), including “dark pools.” So-called dark pools of liquidity, on private exchanges not available to the general public, have not — at least until now — been transparent, by definition…. Read More >>
