SEC Releases Form 13H for Large Trader Reporting
The SEC has released the new Form 13H, which is a required filing for certain large traders under new Rule 13h-1. The form requests information about whether other securities affiliates file forms with the SEC, CFTC registration, and all broker-dealers utilized. The Form also requires an organizational chart, a list of all general partners and 10% limited partners for partnership organizations, and all executive officers and directors of a corporation. Under Rule 13h-1, a “large trader” is “a person whose transactions in exchange-listed securities equal or exceed two million shares or $20 million during any calendar day, or 20 million shares or $200 million during any calendar month.”
OUR TAKE: The Form is fairly easy to complete.. The SEC is using the form as a means to identify brokerage and other securities market relationships.