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Comment: US SEC Republicans' critique of Consolidated Audit Trail augurs other disputes ahead

By Neil Roland ( September 6, 2023, 23:00 GMT | Comment) -- Opposition by two US Securities and Exchange Commission members to Consolidated Audit Trail funding changes adopted today illuminate conflicts over the ongoing development of the trade database. The CAT, being implemented by industry to facilitate SEC enforcement, has “ballooning” cumulative expenses that could soon approach a billion dollars, Commissioner Mark Uyeda said. These costs will principally be borne by broker-dealers and investors, said Commissioner Hester Peirce.Opposition by two US Securities and Exchange Commission members to Consolidated Audit Trail funding changes adopted today illuminate conflicts over the ongoing development of the trade database....

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