Quant Congress USA: Real-time audit trail unnecessary, says SEC chief economist

SEC chief economist says consolidated audit trail rule is strong enough, despite concerns from Democrats

US Securities and Exchange Commission headquarters in Washington, DC

The consolidated audit trail (Cat) rule passed by the US Securities and Exchange Commission (SEC) is sufficient to catch financial wrongdoing by high-frequency trading firms and other entities, said Craig Lewis, chief economist and director of risk, strategy and financial innovation at the agency.

Lewis's remarks came during a keynote address at Quant Congress USA in New York, which followed the passage of the rule on July 11 in a 3-2 vote. The rule was changed from an original proposal and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here