Hedge Funds to SEC: Your Activist Reporting Rule Remains a Mess

Also, BPI joins Instagram; bank capital rules get their own website; SEC schedules final vote on reforms for money market funds

The SEC’s push to stifle activist hedge funds has followed a tortuous path. Two separate rule proposals are pending, but they don’t square with each other in some important ways. And even within those two plans, there are controversial provisions that have spooked a broad range of market participants, academics and even some corporate lawyers. Meanwhile…