Title

SEC Proposes Consolidated Audit Trail
Client Memorandum

Created date

6/7/2010
On May 26, 2010, the Securities and Exchange Commission (the “SEC”) proposed to require the Financial Industry Regulatory Authority and the national securities exchanges (collectively, the “SROs”) to adopt a plan (the “Plan”) for the development, implementation and maintenance of a consolidated audit trail (“CAT”) for the listed equities and options markets.