Reuters: U.S. regulator proposes scaling back personal information from trading database

Reuters: U.S. regulator proposes scaling back personal information from trading database. “The U.S. Securities and Exchange Commission (SEC) on Friday said it would remove some personal information from a controversial trading database, bowing to pressure from the brokerage industry which has long warned the project would be vulnerable to hacks. Friday’s proposal, which is subject to a public consultation, seeks to limit the scope of sensitive information required by a massive new industry trading database, the Consolidated Audit Trail (CAT), conceived to help the regulator better police the markets.”