Comment Letter to SEC on Proposed Rule on a Consolidated Audit Trail

MFA submitted a letter to the SEC on its Consolidated Audit Trail Proposal. MFA fully supports regulators having efficient access to appropriate granular information. MFA members make significant investments in market research, proprietary investment technology and intellectual property, and the confidentiality of such information is critical to the success of their businesses. As such, MFA has a strong interest in ensuring that the Consolidated Audit Trail Proposal adequately protects intellectual property of market participants and submit comments to the Commission in this respect.