Large Trader ID

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Large Trader ID

The SEC has adopted the Large Trader Reporting rule, which requires large trader registration and reporting. The rule requires persons who directly or indirectly exercise investment discretion and purchase or sell more than a specified amount of U.S.-listed stocks and options through a registered broker-dealer to register with the SEC as large traders.

 The Effective date of the rule is Oct 3, 2011, and the compliance date is Dec 1, 2011 when “Large Traders” must register with the SEC. Broker-dealers must comply with the rule's reporting and monitoring requirements by Apr 30, 2012.

Rule: http://www.sec.gov/rules/final/2011/34-64976.pdf 

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