Replies to post #126768 on DD Support Board and Research Team

[stockmasterflash]

This is interesting

A powerful too. Hopefully it gets used and not just admired and criticized.


""Mr. Clayton’s statement acknowledged that the planned data repository, known as the Consolidated Audit Trail, could be targeted by cyber thieves looking to steal personal information of stockbrokers’ customers. The audit trail has been in the works for nearly seven years and the SEC approved its final design last year. However, exchange executives have recently cited the Equifax hack as evidence that the audit trail should be pared back, even if that takes away information that could help regulators spot manipulative traders more quickly.

Stock and options exchanges, as well as the Financial Industry Regulatory Authority, which oversees brokers, are due to begin reporting data to the repository in November.

Robert Cook, chief executive of Finra, also has questioned whether the audit trail should be scaled back in light of the Equifax data breach. Speaking Wednesday at a banking luncheon in Washington, Mr. Cook questioned whether the database designed to help regulators sort through flash crashes and spot market manipulation should include personal information about stockbrokers’ customers.

“Especially post-Equifax when we are trying to win back investor confidence in the markets, it seems to be a useful question to ask whether we’ve got the right approach here or we need to revisit it,” he said. https://www.wsj.com/articles/sec-discloses-edgar-corporate-filing-system-was-hacked-in-2016-1505956552

[Triple9]

The SEC in December sued three Chinese traders who allegedly earned more than $4 million in illegal gains after they stole information from the computer systems of Cravath, Swaine & Moore LLP and Weil, Gotshal & Manges LLP, which represent Wall Street banks and Fortune 500 companies.

lol we were just talking about updating Bud Fox's MO the other day!