{"id":148255,"date":"2026-04-07T16:18:18","date_gmt":"2026-04-08T00:18:18","guid":{"rendered":"https:\/\/xira.com\/p\/2026\/04\/07\/sec-scales-back-market-surveillance-tool-raises-oversight-concerns\/"},"modified":"2026-04-07T16:18:18","modified_gmt":"2026-04-08T00:18:18","slug":"sec-scales-back-market-surveillance-tool-raises-oversight-concerns","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2026\/04\/07\/sec-scales-back-market-surveillance-tool-raises-oversight-concerns\/","title":{"rendered":"SEC Scales Back Market Surveillance Tool, Raises Oversight Concerns"},"content":{"rendered":"<p>The Consolidated Audit Trail is a database that tracks all activity in U.S. equity and options markets. Firms say the size and breadth of the data the U.S. Securities and Exchange Commission collected has led to very high costs\u2014about $250 million annually for broker-dealers.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" align=\"left\" border=\"0\" height=\"1\" width=\"1\" alt=\"\" hspace=\"0\" src=\"https:\/\/feeds.feedblitz.com\/~\/i\/953525078\/0\/law\/legal-news\" title=\"\"><\/p>\n<div><a title=\"Add to FaceBook\" href=\"https:\/\/feeds.feedblitz.com\/_\/2\/953525078\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" height=\"20\" src=\"https:\/\/assets.feedblitz.com\/i\/fbshare20.png\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Like on Facebook\" href=\"https:\/\/feeds.feedblitz.com\/_\/28\/953525078\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" height=\"20\" src=\"https:\/\/assets.feedblitz.com\/i\/fblike20.png\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Pin it!\" href=\"https:\/\/feeds.feedblitz.com\/_\/29\/953525078\/law\/legal-news,https%3A%2F%2Fk2-prod-alm.s3.us-east-1.amazonaws.com%2Fbrightspot%2F48%2F41%2Fd9847cd34f62adb589803eb4b800%2Fsecurities-and-exchange-commission-seal-jpg767x505.jpg\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" height=\"20\" src=\"https:\/\/assets.feedblitz.com\/i\/pinterest20.png\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Stumble This\" href=\"https:\/\/feeds.feedblitz.com\/_\/12\/953525078\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" height=\"20\" src=\"https:\/\/assets.feedblitz.com\/i\/stumble20.png\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Post to X.com\" href=\"https:\/\/feeds.feedblitz.com\/_\/24\/953525078\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" height=\"20\" src=\"https:\/\/assets.feedblitz.com\/i\/x.png\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Subscribe by RSS\" href=\"https:\/\/feeds.feedblitz.com\/_\/20\/953525078\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" height=\"20\" src=\"https:\/\/assets.feedblitz.com\/i\/rss20.png\" alt=\"\" title=\"\"><\/a>\u00a0\u00a0<\/div>\n<p>The Consolidated Audit Trail is a database that tracks all activity in U.S. equity and options markets. Firms say the size and breadth of the data the U.S. Securities and Exchange Commission collected has led to very high costs\u2014about $250 million annually for broker-dealers.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" align=\"left\" border=\"0\" height=\"1\" width=\"1\" alt=\"\" hspace=\"0\" src=\"https:\/\/feeds.feedblitz.com\/~\/i\/953525078\/0\/law\/legal-news\" title=\"\"><\/p>\n<div><a title=\"Add to FaceBook\" href=\"https:\/\/feeds.feedblitz.com\/_\/2\/953525078\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" height=\"20\" src=\"https:\/\/assets.feedblitz.com\/i\/fbshare20.png\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Like on Facebook\" href=\"https:\/\/feeds.feedblitz.com\/_\/28\/953525078\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" height=\"20\" src=\"https:\/\/assets.feedblitz.com\/i\/fblike20.png\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Pin it!\" href=\"https:\/\/feeds.feedblitz.com\/_\/29\/953525078\/law\/legal-news,https%3A%2F%2Fk2-prod-alm.s3.us-east-1.amazonaws.com%2Fbrightspot%2F48%2F41%2Fd9847cd34f62adb589803eb4b800%2Fsecurities-and-exchange-commission-seal-jpg767x505.jpg\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" height=\"20\" src=\"https:\/\/assets.feedblitz.com\/i\/pinterest20.png\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Stumble This\" href=\"https:\/\/feeds.feedblitz.com\/_\/12\/953525078\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" height=\"20\" src=\"https:\/\/assets.feedblitz.com\/i\/stumble20.png\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Post to X.com\" href=\"https:\/\/feeds.feedblitz.com\/_\/24\/953525078\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" height=\"20\" src=\"https:\/\/assets.feedblitz.com\/i\/x.png\" alt=\"\" title=\"\"><\/a>\u00a0<a title=\"Subscribe by RSS\" href=\"https:\/\/feeds.feedblitz.com\/_\/20\/953525078\/law\/legal-news\" rel=\"nofollow noopener\" target=\"_blank\"><img decoding=\"async\" height=\"20\" src=\"https:\/\/assets.feedblitz.com\/i\/rss20.png\" alt=\"\" title=\"\"><\/a>\u00a0\u00a0<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Consolidated Audit Trail is a database that tracks all activity in U.S. equity and options markets. Firms say the size and breadth of the data the U.S. Securities and Exchange Commission collected has led to very high costs\u2014about $250 million annually for broker-dealers. \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The Consolidated Audit Trail is a database that tracks all [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":148256,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-148255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-com"],"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/148255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=148255"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/148255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/148256"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=148255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=148255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=148255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}