The Consolidated Audit Trail (Part II): Problems and Pitfalls

This note is the second in a three-part series about the Consolidated Audit Trail (CAT).  In our first note, entitle The Consolidated Audit Trail:  Reconstructing Humpty Dumpty we examined the process to date, how the industry arrived at this point, and where the CAT needs to go to be successful.  In this vision note - The Consolidated Audit Trail (Part II): Problems and Pitfalls, TABB Group looks at some of the key aspects and shortcomings of the process and identifies critical elements that both the industry as a whole, as well as the SROs need to focus on to ensure the CATs success.