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The US Securities and Exchange Commission (SEC) has shortened the deadline for stock ownership disclosure to 5 days. Previously, investors, including hedge funds, had 10 days to disclose large stakes in companies. The new rule aims to make activists reveal their stakes faster. This change is seen as a victory for Wachtell, a leading law firm. The SEC's decision has been met with mixed reactions. Some argue that the shorter disclosure window will allow activists to act more quickly, while others believe it may hinder their ability to build positions. Overall, the SEC's move is expected to have significant implications for the investment community.
US SEC shortens deadline to disclose 5% stock ownership to 5 days
SEC disclosure changes press activists to reveal big stakes faster via @FT https://t.co/I79KI12esm
The @SECGov adopted rules today that shorten the disclosure window for investors, including hedge funds, who purchase large stakes in companies, @stef_palma reports for @FT. https://t.co/ejfHI5Xpce
The SEC just shortened the window for activists to disclose their stakes in public companies from 10 days to 5. Wachtell can take a victory lap, and everyone lives to fight another day. https://t.co/2xd8WnzXk0
US SEC shortens deadline to disclose 5% stock ownership to 5 days https://t.co/Pr4jdUjJhp https://t.co/kV6NB552w9
SEC disclosure changes press activists to reveal big stakes faster https://t.co/8ig3rnWj5W
⚠️ US SEC SHORTENS STOCK DISCLOSURE DEADLINE TO 5 DAYS Full Story → https://t.co/6qYhmfnkiu https://t.co/IymKVrBMyd