BNA INSIGHTS: The SEC Adopts a Large Trader Reporting System: New Rule 13h-1

On July 27, 2011, the SEC (or “Commission”) adopted Rule 13h-1 and Form 13H under the Securities Exchange Act of 1934 (“Exchange Act”), which requires persons who are deemed to be large traders to register with, and to provide certain information about themselves and their affiliates to, the Commission…

SEC Adopts Large Trader Reporting Rule, Short-Form Criteria; Reproposes ABS Rules

The Securities and Exchange Commission July 26 unanimously agreed to establish a reporting regime that will allow the agency better to monitor and track the market activity of large traders…

SEC’s Schapiro Says Election Results Won’t Affect Implementation of Dodd-Frank

CHICAGO—Securities and Exchange Commission Chairman Mary Schapiro said Nov. 9 the recent election that swept dozens of Republican lawmakers into power would have little impact on the commission’s trajectory and one of its…

SEC Unanimously Adopts Direct Access Rule, Proposes New Antifraud Rule for Derivatives

The Securities and Exchange Commission Nov. 3 unanimously adopted a new rule that effectively bars broker-dealers from providing customers with…

Regulators Attribute May 6 Flash Crash to One Large Trader’s Rapid Sell Program

In a final report published Oct. 1, the Securities and Exchange Commission and the Commodity Futures Trading…

BNA INSIGHTS: Unnecessary Burdens and Costs Raise Concerns for SEC’s Large Trader Reporting System

The U.S. Securities and Exchange Commission (“Commission” or “SEC”) has proposed a new rule that would establish a system for registered broker-dealers to electronically report on a confidential basis the trading activity in national market system (“NMS”) securities of large market participants upon request from the Commission.

D.C. Circuit Court Sends Back SEC Rule on NYSE Arca Market Data Fee

In a setback for the Securities and Exchange Commission, the U.S. Court of Appeals for the District of Columbia Circuit concluded Aug. 6 that the agency did not offer enough…

SEC Approves Single-Stock Circuit Breakers, Considers Other Steps to Curb Volatility

In an effort to dampen market volatility, the Securities and Exchange Commission June 10 approved rule changes that will require national securities exchanges and…

BNA INSIGHTS: When the Other Shoe Falls: IRS Notice 2010-46 Restricts the Application of Notice 97-66 for Cross-Border Securities Loans

The Securities and Exchange Commission announced June 4 that within a week, its staff expects to present recommendations on a proposal by national securities exchanges and…

SEC to Act on Circuit Breaker Proposals; Rules Could Be in Place Within Two Weeks

The Securities and Exchange Commission announced June 4 that within a week, its staff expects to present recommendations on a proposal by…

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