The SEC got a reprieve to pursue a review of its controversial market surveillance system after a federal judge in Texas granted the agency’s bid to put a legal challenge on hold.
Privacy and cost issues raised by a think tank and investor plaintiffs could become moot after the potential changes the SEC is considering for its Consolidated Audit Trail, the agency argued in its request to stay the legal proceedings.
Meanwhile, the CAT will continue to operate as normal, with limited access to sensitive customer data under an exemptive order the SEC issued in February. Judge Alan Albright in …