Cadwalader Cabinet: Beneficial Ownership Reporting Expansion natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
The SEC proposed amendments to rules governing beneficial ownership reporting under SEA Sections 13(d) ("Reports by Persons Acquiring More Than Five per Centum of Certain Classes of Securities") and 13(g) ("Statement of Equity Security Ownership").
The SEC proposed amendments to agency rules governing beneficial ownership reporting. Also, FINRA covered twenty-one different topics related to a firm's core compliance responsibilities. FINRA added five new topics since last year's report.
A shareholder derivative action which had alleged that Facebook's lack of diversity caused a negative effect on its stock price was rejected by a California federal magistrate judge last week.