Financial Services Financial Services

Wall Street group rips US exchanges’ proposal to cap their Consolidated Audit Trail liability for data breaches

By Neil Roland
  • 03 Feb 2021 16:46
  • 03 Feb 2021 16:46
A Wall Street banking group said it was “fundamentally unfair” of the US stock and options exchanges to propose limiting their liability for data breaches on the Consolidated Audit Trail that they run.
The 24 exchanges and Finra, the brokerage self-policing group that also helps operate the comprehensive database of

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Neil Roland

Senior Correspondent


Neil has covered U.S. financial regulation for over two decades, mostly for Bloomberg and Crain Communications. He received a Loeb award for coverage of regulators' response to the collapse of Enron. He also garnered a SABEW award and some Jesse H. Neal awards for stories on the Federal Reserve's response to the 2008 financial crisis. Roland has appeared as a commentator on Fox TV, NPR, C-Span and Bloomberg TV. He received a Master's degree in public policy from Harvard and a Bachelors degree in economics from Cornell.

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