• SEC Proposes New Large Trader Reporting System
  • May 4, 2010 | Authors: Mark S. Bergman; David S. Huntington; Akiko Okuma; Tong Yu
  • Law Firm: Paul, Weiss, Rifkind, Wharton & Garrison LLP - New York Office
  • On April 14, 2010, the SEC published for comment a proposal that would establish new reporting obligations for large market participants that conduct substantial securities trading activities. The proposed “large trader” reporting system is intended to enhance the SEC’s ability to identify and track large traders and to promptly obtain information about, and assess the impact on the securities markets of, their trading activities.