Filing Form 13H and Disclosing Large Trader Status
Chapters in this video
What this video covers
- How crossing the identifying activity level triggers Form 13H filing, broker-dealer disclosure, and the duty to provide additional information to the Securities and Exchange Commission (SEC)
- When the first or reactivation filing is due promptly, when the annual filing is due within 45 days, and when inaccurate information must be updated promptly after the calendar quarter ends
- Why filing Form 13H with the SEC does not replace disclosing the LTID and each covered account to executing broker-dealers
- How controlling-person and controlled-person relief works only when all requirements are covered for all of the large trader's accounts
- Why a quiet year does not automatically create Inactive Status, and why the trader must file Form 13H
- How a firm that ceased operations elects inactive status by filing an amended Form 13H showing terminated status
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