With Julien Bourgeois, Jane Kanter, Edward Pittman, Michael Sherman, Jennifer Wood
The U.S. Securities and Exchange Commission ("SEC") recently adopted a new rule, Rule 13h-1 ("Rule") under the Securities Exchange Act of 1934, as amended ("Exchange Act"), that requires persons that fall within the definition of a "large trader" based on their volume of transactions in NMS securities ("Large Trader") to: (i) periodically file new Form 13H with the SEC disclosing information regarding their organization and its use of broker-dealers; (ii) obtain a unique "Large Trader Identifier