A colossal stock market surveillance system under development may come with several new security requirements intended to better protect personal information and other data.
The Securities and Exchange Commission has released a proposal that would increase oversight of the Consolidated Audit Trail’s data and make the information harder to access, the agency said Friday.
The plan came after members of Congress, brokers, and stock exchanges raised concerns about the security risk of having personal information in the database, which the SEC first proposed in 2010. The exchanges and the Financial Industry Regulatory Authority are aiming to have the CAT fully ...
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