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SEC moots taking responsibility for CAT

Paul Atkins testifies before Senate Banking Committee
Photo: Win McNamee/Getty Images

Letter by Chair Atkins suggests changes to funding as well as further rulemaking by the regulator will likely follow.

The letter, addressed to Robert Walley, Chair of the CAT NMS Plan Operating Committee, follows on a concept release by the SEC published in April 2026, which outlined a comprehensive review of the Consolidated Audit Trail (CAT) as well as “other audit trails and related data sources” used in

According to

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