Large Trade ID and Related Reporting Requirements

What this video covers

• How the activity route requires both investment discretion and transactions in national market system (NMS) securities through registered broker-dealers at or above the identifying activity level
• Why voluntary electronic filing of Form 13H creates large trader status even when a person has traded zero shares
• How the reporting activity level differs from the identifying activity level, including the default 100-share single-account calendar-day reporting floor when the Securities and Exchange Commission (SEC) requests data
• The daily and monthly identifying thresholds: 2 million shares or $20 million in a calendar day, and 20 million shares or $200 million in a calendar month
• How to aggregate equity securities, individual-equity options by underlying stock, and index options by fair market value
• Why purchases and sales are added together rather than netted, including the 1.2 million plus 1.1 million share example
• How 25% control presumptions work only for this rule, plus excluded transactions and the national exchange offering exception