Lawsuit Prep? Wall Street Demands Data That Gensler Relied on For Stock Trading Overhaul

Also, Kraken settles with SEC; Was the CFPB saved by the Trump-Russia probe?; faster settlements coming for stocks

As some traders like to joke, it’s not a question of who will sue the SEC over its market structure revamp, it’s a question of who makes it to the courthouse first. There may even be a line. In reality, top lawyers are already being retained and legal strategies are being plotted. Now, some of the behind-the-scenes maneuvering is starting to emerge in c…