requirements of the Rule and additional background information and some clarifications based on the SEC adopting release. Findings … – The Rule requires “large traders”, as defined in the Rule, to self‐identify to the SEC and to obtain from the SEC a large … trader identification number (“LTID”) and provide the LTID to each US‐registered broker‐dealer through which it effects …

; Notice 11‐38, August 2011, Application of the SEC's Financial Responsibility Rules in Response to the Downgrade of US Long … the staff of the SEC that this ratings action by Standard & Poor's does not alter the net capital treatment of these …