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Large Trader Reporting

In 2011 the Securities and Exchange Commission (SEC) adopted its Large Trader reporting rule, Rule 13h-1.  The purpose of this rule was to enhance the ability of the SEC to identify large market participants, collect information on their trading and analyze their trading activity.  A "Large Trader" is defined as a foreign or domestic person or entity who effects transactions in NMS equities and options that equal or exceed 2 million shares or $20 million during any calendar day, or 20 million shares or $200 million over the course of any calendar month.

Clients identified as "Large Traders" need to complete form 13H via the SEC's Edgar system to obtain an identification number.  The identification number once obtained should be provided to your broker(s), who will report daily activity via the Consolidated Audit Trail (CAT) system.  It is the responsibility of persons or entities to obtain and report this identification number within 10 days of breaching either of the thresholds detailed above.  If an LTID number is not provided, Moomoo Financial will assign an unidentified LTID number to the account to comply with reporting requirements.  Your account may also be subject to closing transactions only if an LTID number is not provided within 14 calendar days of an unidentified LTID number being assigned by Moomoo Financial.  "Large Trader" accounts have annual filing requirements that persons or entities will need to be aware of.  These can be fully reviewed on the SEC website listed below.

SEC Large Trader Rule: https://www.sec.gov/rules/final/2011/34-64976.pdf

Information on Form 13H the EDGAR system: http://www.sec.gov/info/edgar.shtml

SEC Forms List: https://www.sec.gov/forms

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors.  It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. 

In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC)  and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).