Citadel and Regional Brokerage Group Team Up to Sue SEC Over CAT Funding

Also, not everyone hates SEC's predictive data rule; French Hill calls Basel endgame a 'failure'

Lawsuits against SEC Chair Gary Gensler’s far-reaching rules are starting to pile up. The latest, filed today by Citadel Securities and the American Securities Association, challenges a plan the agency approved last month for funding a huge database of stock trades known as the Consolidated Audit Trail.

The SEC has defended the program as a much needed t…