Corporate and Financial Weekly Digest - April 16, 2010.
Mondaq Business Briefing › Nbr. 2010, January 2010
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Corporate and Financial Weekly Digest - April 16, 2010.
Article by Robert L. Kohl and David A. Pentlow
SEC/CORPORATE SEC Proposes Creation of Large Trader Reporting System On April 14, the Securities and Exchange Commission proposed the creation, under Section 13(h) of the Securities Exchange Act of 1934 (Exchange Act), of a large trader reporting system. Currently, the SEC collects information on securities transactions from registered broker-dealers through the Electronic Blue Sheets (EBS) system, which the SEC uses to assist in the investigation of violations of federal securities laws and conduct market reconstructions. The EBS does not provide information regarding the timing of a trade or the identity of the customer. The EBS also does not efficiently collect large volumes of trade data in a timely manner that would permit contemporaneous analysis of market events. Accordingly, while ...See the full content of this document
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