Mid Atlantic Capital Group has chosen SS&C to automate its FINRA Consolidated Audit Trail (CAT) reporting obligations. The Securities and Exchange Commission will require all broker-dealers to report equities and options transaction data to FINRA CAT at the end of the month. SS&C will monitor, submit and correct transactional data on behalf of Mid Atlantic Capital as part of its full-service offering. The SS&C CAT Reporting Portal is a secure, web-based service that aggregates and enriches broker data across broker’s platforms and translates it into FINRA-compliant CAT reports. The Portal also provides an interactive front-end to enable customers to manage exceptions.
FINRA CAT certified more than 70 firms before the June 8th certification deadline with SS&C as the CAT Reporting Agent.