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US SEC considers shortening 10-day reporting deadline for large investors in public companies

( June 23, 2021, 16:43 GMT | Official Statement) -- MLex Summary: Gary Gensler, head of the US Securities and Exchange Commission, said he's asked staff to recommend ways to shorten the 10-day reporting deadline for beneficial owners who acquire more than 5 percent of a public company’s voting stock. “Those rules might’ve been appropriate for the 1970s, but I have my doubts about whether they continue to make sense given the rapidity of current markets and technologies,” he said in a speech.See document below. ...

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