SEC Form PILOT

Filed Under » , ,
Dictionary Says

Definition of 'SEC Form PILOT'

A form that is filed with the SEC by self-regulatory organizations (SRO) as an initial operation report or an amendment to an initial operation report, or a quarterly report for pilot trading systems operated by self-regulatory organizations. An SRO is a non-governmental body with regulatory authority over an industry, such as FINRA – the Financial Industry Regulatory Authority.
Investopedia Says

Investopedia explains 'SEC Form PILOT'

A pilot trading system means any trading system operated by a SRO that:
(a) has been in operation for less than two years
(b) is independent of any other trading system operated by an SRO
(c) has traded no more than 5% (or 1%) of the average daily volume of a U.S. security during at least two of the last four consecutive months
(d) during two of the last four consecutive months has traded no more than 20% of the average trading volume of all the trading systems operated by the SRO.

Articles Of Interest

  1.

    Investigating The Securities Police

    Learn about the history of FINRA and how this organization protects investors.

  2. Who's Looking Out For Investors?

    If your account has been mishandled, FINRA and the SEC are among several organizations that can help.

  3. Financial Regulators: Who They Are And What They Do

    Find out how these government agencies govern the financial markets.

  4. How To Get A Job At The SEC

    Want to make a good living taking on those renegade trading rascals on Wall Street? Here are some tips to help you get in the door at the SEC.

  5. Should You Add A Securities License To Your Qualifications?

    Clients love planners who sell securities, but a securities license takes a lot of work. Learn if the stress and study are worth it.

  6. How To Report A Tax Cheat

    If you report a tax evader to the IRS, you could be eligible for a reward.

  7. GAAP And The IFRS Standards Convergence Efforts In 3 Substantial Areas

    Understand the specific steps that have been taken in hopes of converging the GAAP and the IFRS accounting standards, despite the philosophically and culturally based methodological differences ...

  8. How Much Will Your Taxes Rise Based On Your Salary?

    Find out how high your taxes will rise this year.

  9. Department Of Justice Sues Standard & Poor's Over Mortgage Crisis - Is Moody's Next?

    The U.S. Department of Justice sued Standard & Poor's and is seeking more than $5 billion in damages.

  10. New Tax Laws To Watch Out For In 2013

    With a new year comes new laws, and in 2013 the U.S. government has implemented several changes to the tax code.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Xenocurrency

    A currency that trades in markets outside of its domestic borders.

  2. Wanton Disregard

    A standard of severe negligence. Wanton disregard is a very serious accusation that indicates that a person behaved extremely recklessly.

  3. Ultra ETF

    A class of exchange-traded funds (ETF) that employs leverage in an effort to achieve double the return of a set benchmark.

  4. Toehold Purchase

    A purchase of less than 5% of a target company's outstanding stockmade by an acquiring company. A toehold purchase of just under 5%, while not a significant stake in a firm, allows the shareholders a "toe-holds" grip on the company and its decision making.

  5. Samurai Bond

    A yen-denominated bond issued in Tokyo by a non-Japanese company and subject to Japanese regulations.

  6. Chartalism

    A non-mainstream theory of money that emphasizes the impact of government policies and activities on the value of money.
Trading Center
http://sp.fastclick.net/ad/tr/10858-64082-15546-0?mpt=e2b372e09f445f43f80a8cd8e3513d2c