SEC Short Sale Disclosure Rules & Upcoming Compliance Date
By EsqSocial Corporation 23/10/24
On October 13, 2023, the SEC adopted Rule 13f-2 and related Form SHO pursuant to the Securities Exchange Act of 1934 (the “Exchange Act”). Rule 13f-2 seeks to address Congress’ directive under Section 929X of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) to provide more transparency in short selling. The new rule and related form will cause significant changes to short selling disclosure obligations for Managers....
By: Foley Hoag LLP