The Consolidated Audit Trail (CAT) is a powerful tool to detect market manipulation, but the industry is complaining about skyrocketing costs.
According to a report by Barron’s, the SEC under the direction of its new chair Paul Atkins might scale back or eliminate the Consolidated Audit Trail (CAT), a timestamped record of all stock trades that occur in the market, from order to execution.
The CAT is administered by CAT
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