U.S. stock trading audit system delayed by hack fears

One worry is that the system does not, at present, identify who is trading. Without such information it will be less useful and have weaker cyber security, said Tyler Gellasch, executive director of pension plan and investment advisor trade group Healthy Markets Association.

“The legislation this committee ... is considering would unquestionably delay the CAT and leave it tied up in legal complexities and red tape for years, frankly, if it doesn’t kill it entirely,” Gellasch said.

Read more in Reuters here.