BB's Stock Haven

[DTGoody]

Has anyone ever heard of the SEC Rule 13h-1? Basically, it;s a Large Trader Rule. Here's what you need to know:
The Rule requires persons or entities to obtain an LTID from the SEC when transacting in National Market System
(“NMS”) securities equal to or in excess of certain thresholds. The minimum activity level is:
• Two million shares or $20 million during any calendar day; or
• 20 million shares or $200 million during any calendar month.

I never heard of this until today? Does this rule apply to OTC Stocks which are not listed on the major exchanges?

What you need to do:
Generally, the Large Trader Rule requires you to file Form 13H and make certain disclosures to the SEC. For more
information, please refer to the SEC’s Large Trader Reporting FAQs:
https://www.sec.gov/divisions/marketreg/large-trader-faqs.htm


The reason I am asking is because E-Trade said I hit that threshold. I know many traders who trade tens of millions of shares and I have never heard of this before?