Friday, May 03, 2024 12:41:32 PM
kristen shaughnessy
@kshaughnessy2
The CAT system is designed to protect against illegal trades. Ask yourself why some are fighting so hard against it while claiming to protect "retail investors" ?
"After 14 years of debate, the Securities and Exchange Commission is in the final stages of bringing a powerful new surveillance tool fully online. But Wall Street is seizing on the ideal political environment for a last-ditch attempt to kill it.
The Consolidated Audit Trail is a database, one of the largest ever created, that is set to revolutionize how the agency monitors trading activity and spots potential misconduct. ..."
https://bloomberg.com/news/articles/2024-05-02/citadel-securities-leads-suit-to-gut-sec-trading-surveillance
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