As FINRA moves ahead with a controversial new data-reporting rule, the industry regulator is pledging to proceed cautiously and in close consultation with the industry it oversees, a senior official said.
Daniel Sibears, executive vice president of FINRA's member regulation programs, told an SEC committee this week that as his team reviews the so-called CARDS proposal, the industry regulator will be sensitive to the concerns some firms and trade groups have expressed, particularly those concerning privacy and security.
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