Story perspectives
SEC Orders Cost Cuts for Consolidated Audit Trail Operations
10/2/2025
36 7
1 of 1
Story summary
- The SEC issued an order to reduce Consolidated Audit Trail (CAT) costs, enabling self-regulatory organizations to lower operating expenses.
- SEC Chairman Paul Atkins emphasized efficiency after a federal court invalidated the 2023 funding model.
- CAT costs rose from a projected $55 million in 2016 to over $248 million by 2024.
- New measures could cut 2025 expenses to about $196 million.
