House OKs Increased Market Data Security Requirements

Law360, Washington (November 13, 2017, 9:39 PM EST) -- Citing an increased risk from data breaches, the U.S. House of Representatives approved a bill Monday that would increase security requirements for market data held by the Securities and Exchange Commission and the Financial Industry Regulatory Authority.

The Market Data Protection Act of 2017 passed the House on a voice vote Monday, just days before the SEC’s new Consolidated Audit Trail is set to start collecting data. That massive database, intended to start collecting data from stock exchanges Wednesday, was a major point of concern for...
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