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Re: Investorman post# 89

Friday, 04/16/2010 2:40:31 PM

Friday, April 16, 2010 2:40:31 PM

Post# of 103
Hidden Trading: SEC Aims to Shed Light on 'Insidery' Information

Ignorance might be bliss in some circumstances, but that's hardly the case when it comes to investing. And the average investor is currently kept in the dark about one of the biggest reasons that stocks climb or fall -- trades from hedge funds and other big investors.

The Securities and Exchange Commission, or the SEC, is proposing to track these market-driving trades and help keep smaller investors more informed about them. Under the new proposal, large traders -- defined as "a firm or individual that trades 2 million shares or $20 million in securities in a day, or 200 million shares or $200 million a month" -- would be required to register with the SEC, which would give them a unique identifier.


http://www.dailyfinance.com/story/investing/hidden-trading-sec-aims-to-shed-light-on-insidery-information/19440991/

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