Overview
What is Consolidated Audit Trail Llc?
Consolidated Audit Trail LLC is a nonprofit organization based in New York, New York, specifically at CO ANCHIN 1375 BROADWAY. Established in 2012, it was tasked by the Securities and Exchange Commission (SEC) to develop a system, known as CAT, aimed at efficiently and accurately tracking all market activities in the U.S. markets for National Market System (NMS) securities. This system, known as the Consolidated Audit Trail (CAT), required collaboration between national securities exchanges and the Financial Industry Regulatory Authority (FINRA), collectively referred to as Self-Regulatory Organizations (SROs) or Members, to submit a plan for creating, implementing, and maintaining this trail. The Consolidated Audit Trail LLC's primary mission is to fulfill this role as per Rule 613, which outlines the type of data to be collected and the reporting timelines to a central repository.
Official website here: www.catnmsplan.com
Is Consolidated Audit Trail Llc legitimate?
Consolidated Audit Trail Llc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Consolidated Audit Trail Llc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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For more financial information, click here
Official website here: www.catnmsplan.com
What is the mission statement of Consolidated Audit Trail Llc?
The Consolidated Audit Trail LLC, established in October 2012 under the Securities Exchange Act of 1934, was mandated to create a unified system, known as the Consolidated Audit Trail (CAT System), following the SEC's Rule 613. This system aims to enable regulators to efficiently and accurately monitor all activities in the United States markets for National Market System (NMS) securities. The organization, in collaboration with self-regulatory organizations such as national securities exchanges and the Financial Industry Regulatory Authority (FINRA), is tasked with developing, implementing, and maintaining a consolidated audit trail of NMS activities. Rule 613 outlines the type of data to be collected and the timeline for reporting it to a central repository. The primary objective of Consolidated Audit Trail LLC is to establish, implement, and maintain a consolidated audit trail in accordance with Rule 613.
Official website here: www.catnmsplan.com
Who is the CEO of Consolidated Audit Trail Llc?
Brandon Becker is the Operating Committee Member of Consolidated Audit Trail Llc.
Official website here: www.catnmsplan.com
What is the revenue of Consolidated Audit Trail Llc?
Consolidated Audit Trail Llc's revenue in 2022 was $0.
Official website here: www.catnmsplan.com
Who are the executives of Consolidated Audit Trail Llc and what are their salaries?
Here are 12 key members and their salaries:
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- Compensation: $574,034
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- Other: $134,691
Official website here: www.catnmsplan.com
Where can I find the form 990 for Consolidated Audit Trail Llc?
Consolidated Audit Trail Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.catnmsplan.com
Learn more at the official website: www.catnmsplan.com
Mission Statement of Consolidated Audit Trail Llc
Consolidated Audit Trail LLC, abbreviated as CAT, was established with a primary mission to create, implement, and maintain a consolidated audit trail system, following the SEC's Rule 613 adoption in October 2012. This mission aimed to efficiently and accurately track all activities throughout the U.S. markets in National Market System (NMS) securities. To accomplish this, CAT required the national securities exchanges and the Financial Industry Regulatory Authority (FINRA), collectively known as Self-Regulatory Organizations (SROs) or members, to jointly submit an NMS plan. This plan was responsible for creating, implementing, and maintaining a consolidated audit trail of NMS activity. The type of data collected and the reporting schedule were specified in Rule 613. In essence, CAT's mission was to establish and manage a centralized system that would enable regulators to monitor activities in the U.S. markets, ensuring the accuracy and efficiency of tracking NMS securities.
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Impact
October, 2024
Consolidated Audit Trail LLC (CAT) plays a pivotal role in enhancing market transparency and regulatory oversight within U.S. financial markets. By developing and maintaining the Consolidated Audit Trail (CAT) system, it allows regulators to efficiently and accurately track all activity in National Market System (NMS) securities. The CAT system is designed to gather comprehensive data on trades and other market activities, facilitating a holistic view of market dynamics.
This initiative is particularly significant in the wake of past market disruptions, as it empowers regulatory bodies, such as the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), to quickly identify and respond to irregularities or misconduct. By adhering to the mandates outlined in Rule 613, CAT ensures that critical trading data is collected and reported in a timely manner, enhancing the protective measures in place for investors and maintaining the integrity of the financial system.
The impact of CAT is far-reaching, as it not only aids in regulatory compliance but also contributes to the overall efficiency of the markets by promoting better practices and increased accountability among market participants. As financial markets continue to evolve, the ability to effectively monitor and analyze trading activities through a consolidated framework is essential for sustaining investor confidence and market stability.
This information is meant to be a general summary of Consolidated Audit Trail Llc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
Assets and Liabilities:
- Total Assets: $39,834,484
- Total Liabilities: $473,990,839
- Net Assets: -$434,156,355
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Organization Details
Founding Year
2019
Phone
(888) 696-3348Principal Officer
Brandon Becker
Main Address
CO ANCHIN 1375 BROADWAY, NEW YORK, NY, 10018
Website
www.catnmsplan.comNTEE Category
Code: Z99 - Unknown
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