Last week, Jay Clayton, Chairman of the Securities and Exchange Commission, indicated that, contrary to a prior SEC understanding, the recent hack of its EDGAR system compromised two individuals’ personal information. (Click here for background in the article “SEC Discloses Trading May Have Occurred Based on Confidential Information Illicitly Obtained From Hack of EDGAR System in 2016” in the September 24, 2017 edition of Bridging the Week.) In separate testimony before the House of Representatives Committee on Financial Services, Mr. Clayton indicated that, notwithstanding the EDGAR breach, the first phase of the roll-out of the Consolidated Audit Trail continues to be scheduled for November 15. However, he indicated that he is “focused on issues of data security with respect to CAT.”