SEC Adopts Large Trader Reporting RequirementBenjamin J. Catalano,Timothy M. Clark,Edward A. Kwalwasser,Kathy H. Rocklen,Christopher M. Wells, August 9, 2011
On July 26, 2011, the Securities and Exchange Commission (“SEC”) adopted Rule 13h-1 and Form 13H. The Rule requires (i) large traders (such as hedge funds) to identify themselves on a confidential basis to the SEC and its broker-dealers and (ii) broker-dealers to maintain records of all...