AdvertisementAdvertisementBusinessThe seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File Photo16 Apr 2026 11:38PM (Updated: 17 Apr 2026 12:01AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST WASHINGTON, April 16 : The U.S. Securities and Exchange Commission said on Thursday it is seeking public comment on whether it should comprehensively review the so-called Consolidated Audit Trail (CAT), potentially re-opening a decade-long dispute over the trading database.The SEC said it would seek feedback on how the CAT is funded, its purpose, structure, governance, design, scope and cybersecurity concerns, among other issues, in a move that could give industry opponents another opportunity to kill the project.The SEC mandated the CAT's creation in 2012 in response to the "flash crash" of 2010, when major Wall Street indexes temporarily erased nearly $1 trillion in market value in a matter of minutes. Officials say the database allows regulators to spot market manipulation and have cited its data in enforcement actions.But the CAT has long been mired in controversy, delays and litigation, with brokers arguing the project is unnecessarily burdensome and costly, and puts personal data at risk from potential cybersecurity hacks or lapses.(Editing by Daphne Psaledakis. Writing by Michelle Price. Editing by Mark Potter)Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST