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Consolidated Audit Trail Rule Imminent

Traders Magazine Online News, February 9, 2012

John D'Antona Jr.

Consensus says that the Securities and Exchange Commission's approval of a rule creating a consolidated audit trail -- CAT -- is imminent. The rule will likely come before the end of the quarter but will not include a real-time data provision requirement. However, even after the rule's approval, the building and implementing of the audit trail will be a long ways off.

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