Saturday, April 17, 2010

SEC May Track Large Trades - Financial Planning

IF they make this available it would seem that most competitive advantages would disappear, bit sure would be interesting to see!

SEC May Track Large Trades - Financial Planning

"The reporting system would work by assigning a unique identification number to large traders that would be available to their broker/dealers, who in turn would report trading information to the SEC upon request as early as the morning of the first business day after a trade is made.

“This rule would give us prompt access to trading information from large traders so we can better analyze the data and investigate potentially illegal trading activity,” said SEC Chairman Mary Schapiro."

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