Corporates and Investors Go In Opposite Directions Over SEC Proposal on Shareholder Reporting

Corporates and Investors Go In Opposite Directions Over SEC Proposal on Shareholder Reporting
The headquarters of the U.S. Securities and Exchange Commission (SEC) are seen in Wash., on July 6, 2009. Reuters/Jim Bourg
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Corporates and their most prominent investors are at odds over new regulations meant to “modernize” how shareholders report their holdings, reports Financial Times.
In February, the Securities and Exchange Commission proposed new rules to increase transparency in stock markets by shortening the 10-day window to 5 days for investors to reveal when they have built a stake of over 5 percent in a company.