SEC Reevaluates Controversial Market Surveillance Tool Amid Legal and Industry Pushback
Anderson Insights K. Braeden Anderson Anderson Insights K. Braeden Anderson

SEC Reevaluates Controversial Market Surveillance Tool Amid Legal and Industry Pushback

In a move that signals regulatory recalibration, the Securities and Exchange Commission (SEC) has paused litigation surrounding its Consolidated Audit Trail (CAT) — a long-debated, market-wide surveillance system that has drawn growing criticism from investors, industry participants, and conservative watchdogs. The SEC’s pause suggests that the agency may be open to modifying or even scaling back one of the most ambitious trade monitoring initiatives in modern market history.

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Navigating the Complexities of Rule 13f-2 Compliance: Preparing for New Data Management Challenges
SEC Regulatory Update K. Braeden Anderson SEC Regulatory Update K. Braeden Anderson

Navigating the Complexities of Rule 13f-2 Compliance: Preparing for New Data Management Challenges

As the clock ticks down toward the January 2025 compliance deadline for SEC Rule 13f-2, institutional investment managers face an unprecedented regulatory challenge. This new rule, aimed at increasing transparency around short-selling activities, represents a significant shift from existing reporting frameworks, leaving firms grappling with how to overhaul their data management and reporting systems.

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