Breaking News Bar
posted: 7/26/2011 11:30 AM

SEC to require biggest traders report activity

hello
Success - Article sent! close
 
Associated Press

WASHINGTON -- Large traders will be required to register with the government and make available more information about their trades under a rule adopted by federal regulators.

The Securities and Exchange Commission agreed unanimously on the rule, which would take effect in 60 days. The rule is a response to the May 2010 "flash crash," when the Dow plunged more than 600 points in five minutes. Regulators say tracking large trades will make it easier to understand unusual activity in the market.

Order Reprint Print Article
 
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

The rule applies to investors who trade more than 2 million shares or $20 million a day. It also applies to investors who trade 20 million shares or $200 million a month.

Share this page