n-Tier Founder and CEO Peter Gargone comments in Traders Magazine on the SEC’s amendments to Rule 605.
“With these changes, coupled with the volume of data regulators have in CAT, we expect to see even more of a focus on data validation and overall data quality in submitted reports,” Gargone said.
“So, while firms have 18 months to comply, it is critical to focus now on data quality and completeness to ensure accurate reporting and avoid potential fines associated with incomplete data,” he said.