SEC rewrite of criteria for investor ‘group’ alarms buy-siders
Hedge funds fear it will freeze out activists and have chilling effect on everyday discussions
The US Securities and Exchange Commission wants to make a broad rule about investor collusion even broader, and hedge funds of all stripes think this could be a problem.
In February 2022, the SEC published proposals to modernise its rules on the reporting of beneficial ownership. The regulations are aimed at ensuring that a company’s management is notified whenever an investor accumulates a stake
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