The SEC opened a new comment period to consider objections to proposed revisions to the funding model for the consolidated audit trail.
The U.S. House Financial Services Committee considered proposed legislation in response to the GameStop and Archegos trading events.
The SEC and the New York Attorney General’s office penalized a broker-dealer for a combined amount of $37 million for misleading clients about the performance of an order router that primarily routes equity orders to dark pools. The firm paid an additional $3.5 million to FINRA in a related settlement.
The SEC extended the deadline to decide whether to approve or disapprove an amendment to the CAT NMS Plan proposal which would implement a revised funding model for the consolidated audit trail and establish a new fee schedule.
Comments are due by June 22, 2022 for a proposal from multiple SROs to amend the CAT NMS Plan. The proposal would implement a revised funding model for the consolidated audit trail and establish a fee schedule for Participant CAT fees.