SIFMA Welcomes SEC’s Comprehensive Review of the CAT

Washington, D.C., April 16, 2026 – SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the concept release issued by the Securities and Exchange Commission soliciting public comment in support of a comprehensive review of the Consolidated Audit Trail (CAT):

“SIFMA welcomes the concept release the Securities and Exchange Commission (SEC) published today soliciting public input to assist the SEC’s comprehensive review of the Consolidated Audit Trail (CAT).  We have long called for a public review of the CAT which would address, among other topics, the costs of the CAT, its governance and funding, and the scope and security of the data held within the CAT.  SIFMA has previously made in-depth recommendations which would lead to a more efficient and cost-effective CAT without compromising its intended regulatory purpose, and we look forward to further commenting on today’s concept release and engaging further with the SEC on this issue.”

-30-

SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry’s one million employees, we advocate on legislation, regulation and business policy affecting retail and institutional investors, equity and fixed income markets and related products and services. We serve as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, and efficient market operations and resiliency. We also provide a forum for industry policy and professional development.  SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA).