The SEC opened a new comment period to consider objections to proposed revisions to the funding model for the consolidated audit trail.

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.