2025-17811Notice

SEC Delays Stock Trail Privacy Overhaul: More Time for Review

Published Date: 9/16/2025

Notice

Summary

The SEC is taking more time to review a plan change that would reduce the amount of customer info collected in the big stock market tracking system called the Consolidated Audit Trail. This affects many stock exchanges and financial groups who want to protect customer privacy while keeping the system strong. No new costs or deadlines yet, just a longer review to get it right.

No Economic Impacts Identified for this Document

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Key Dates

Published Date
Effective Date
9/16/2025
11/14/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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