SEC Approves New Rules On Large-Trader Reporting

Law360, New York (July 26, 2011, 2:53 PM EDT) -- The U.S. Securities and Exchange Commission adopted several new rules Tuesday, including regulation of so-called large traders and the sale of asset-backed securities, the latest in the wave of changes aimed at repairing the conditions that caused the financial crisis.

The commissioners voted unanimously to approve Rule 13h-1 and Form 13H, which will “establish large-trader reporting requirements to identify market participants that conduct a substantial amount of trading activity and collect information on their trading,” according to the agency.

The rules are being implemented in conjunction...
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