How Large Trader Rules Apply To Private Equity Advisers

Law360, New York (October 3, 2011, 7:36 PM EDT) -- The U.S. Securities and Exchange Commission recently adopted Rule 13h-1 (the “Rule”) under the Securities Exchange Act of 1934 with respect to large trader registration. The Rule requires persons that qualify as a “large trader” (as defined below) to file Form 13H with the SEC to receive a large trader identification number (a “LTID”).

Large traders must identify themselves in future transactions to broker-dealers through which they trade, using their LTID. Form 13H filings will be required for large traders beginning Dec. 1, 2011. The questions...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.