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SEC guidance would require activists to disclose their campaign backers

The new SEC guidance focuses on Schedule 13D filings by certain investors, prompting pushback from activist hedge funds and their advisers.

Reported · Written up by our desk · Fund Industry

New SEC guidance requiring some investors who file Schedule 13D to identify the parties that back their campaigns is raising concern among activist hedge funds, according to a report by Bloomberg cited by Hedgeweek.

The issue centers on investor disclosure rules, with the guidance aimed at clarifying who is behind activist efforts when investors make filings tied to beneficial ownership and control.

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