MFA urges SEC to fully fund the Consolidated Audit Trail

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MFA urges SEC to fully fund the Consolidated Audit Trail

mfaalts

3 months ago

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Shifting CAT costs onto broker-dealers and investors raises trading costs and weakens U.S. market competitiveness
WASHINGTON, D.C. – MFA urged the Securities and Exchange Commission (SEC) to assume full financial responsibility for the Consolidated Audit Trail (CAT) in a comment letter submitted today. The letter responds to the SEC’s review of the CAT funding model and recommends the Commission fund the system through its own appropriations rather than continue passing costs to broker-dealers a...

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