Commissioner Hester M. Peirce on SEC's new beneficial ownership rule: "Although better than the proposed rule, the final beneficial ownership reporting rule continues to rest on flawed economics. Accordingly, I cannot support it."
Although better than the proposed rule,[1] the final beneficial ownership reporting rule continues to rest on flawed economics. Accordingly, I cannot support it.
The heart of the final rule is a shortening of the filing windows for Schedules 13D and G, which report an investorโs holding of large