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Our attorneys have wide-ranging experience over many years in the corporate governance arena. As a result of this expertise, our lawyers have been helping clients cope with the array of legislative and regulatory responses coming out of the U.S. Congress, the U.S. Securities and Exchange Commission and major U.S. stock exchanges.
Laura Turano Discusses Challenges in Stock Surveillance and Proposed SEC Disclosure Changes With IR Magazine
May 4, 2023
Corporate partner Laura Turano spoke with Investor Relations Magazine about challenges companies may face when it comes to stock surveillance and the SEC’s proposed changes to the Schedule 13D and 13G disclosure rules. In “Best Practice Report: Recognizing and Predicting Activist Shareholders,” published on May 4, Laura notes that one major obstacle for companies is that activists often accumulate ownership through derivative positions, and that the beneficial ownership regime in the United States “doesn’t currently provide an effective early warning to companies.”
Laura also addresses the SEC’s proposed disclosure rule changes, which would accelerate reporting deadlines and account for derivative holdings.
“If these were to pass, they would be the most significant changes to beneficial ownership reporting in decades,” she says.
» read the report (subscription required)