X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Under a new SEC proposal, large traders would be issued a unique identification number so that their broker-dealers could maintain transaction records in an effort to stop illegal trading activity.

The SEC voted April 14 to create a large trader reporting system that would enhance its ability to identify large market participants, collect information on their trades, and analyze their trading activity. They would be required to identify themselves to the commission, which would then assign each trader an identification number. Large traders would provide this number to their broker-dealers, who would be required to maintain transaction records and report that information to the SEC upon request.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Peter Westerman

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.