[rschneid]

The consolidate audit trail regularly has millions of errors within a day... It's far from complete data; here's their latest report card:

https://catnmsplan.com/sites/default/files/2025-04/04.01.25-...

Also, CAT is run by CATNMS, LLC which was created in response to an SEC rule 613, however it is operated by the same consortium of SROs that it purports to provide oversight on...

All these layers of responsibility diffusion and a notable absence of penalties for failing to meet rule 613 guidelines mean that rule is little more than for show.