August 17, 2023 (NO COMMENTS)

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 – of 5% or higher – that would enable it to seek to change the way the business is run or even