SEC Approves Activist Hedge Fund Disclosure Rule -- With Some Concessions
Capitol Account Extra: Breaking News
The SEC is quickening the pace for investors to disclose when they’ve taken a big stake in a company. The regulator approved a rule today that requires public reporting of a 5 percent holding within five business days – up from the current 10-day deadline.
The agency billed the effort as the first modernization of the requirements in more than 40 years. …