SEC: Trader reporting system mulled

Regulators are considering a proposed trader reporting system aimed at helping the agency identify large market participants and analyze their trading activity. Under the SEC proposal, firms or individuals whose transactions in exchange-listed securities reach at least 2 million shares or $20 million daily — or else 20 million shares or $200 million monthly – would be required to identify themselves to the SEC through a regulatory filing. Comments were due last month. For more details, click here.

Related Topics: Regulatory Moves