Editor’s Note: The SEC’s information collection plan is subject to the Paperwork Reduction Act and the Data Quality Act.
From: BNA/Securities Law Daily
July 19 — Cybersecurity concerns dominate industry groups’ reaction to the Securities and Exchange Commission’s plan for a consolidated audit trail, an expansive database to collect trading information from U.S. exchanges and broker-dealers.
National securities exchanges and the Financial Industry Regulatory Authority created the plan to build the long-awaited trail, which was released by the SEC for public comment in April (82 SLD, 4/28/16). The comment deadline was July 18.
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