SEC Rule on Large Trader Reporting Regime

On July 26, the SEC adopted a rule to establish large trader reporting requirements in order to identify large market participants, collect information on their trading, and analyze their trading activity. The rule requires large traders to register with the SEC through a new Form 13H, and requires broker-dealers who execute trades for large traders to maintain records and report information to the SEC. The rule will be effective 60 days after publication in the Federal Register. SEC Release.