Flashback: April 2022, the SEC had just closed their comment period for SEC file S7-06-22, release numbers 33-11030; 34-94211 titled the Modernization of Beneficial Ownership... Read the full article.
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S Korea – FSS Action Against Short Selling
On 2 May 2023, SK FSS issued a plan to eradicate illegal short selling. SK FSS said it will dispel investors' distrust in short selling by expanding investigations on unfair short selling transactions, active inspection of malicious naked short selling. Follows SK FSC December 2020 updated passage of bill re illegal short selling. Measures Will…
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U.S. – Short Selling Specialist Targets Icahn Enterprises
Short selling specialist Hindenburg Research has revealed it has taken out a wager against Carl Icahn's Icahn Enterprises after alleging that the business has inflated the value of its investments and is running a "Ponzi-like economic structure" structure.
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Switzerland – SBA Credit Suisse Takeover
On 28 April 2023, SWI SBA updated on Credit Suisse takeover implications. SWI SBA updated on assessment of the implications of the Credit Suisse takeover. Follows SWI SBA March 2023 showed support for Credit Suisse takeover. Overview Takeover by UBS and measures taken by Swiss authorities were a drastic event for the Swiss financial center;…
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U.S. – SEC Re-Opens Comment Period on Proposed Changes to 13D/G Filing
On 28 April 28, 2023, SEC reopened comment period to allow persons opportunity to comment on additional analysis, data contained in new staff memorandum published. Memo provided additional background, baseline data on Schedule 13D and 13G filings. Investigated effects on activism from proposed change to Schedule 13D filing deadline. Additional analysis of harms to certain…
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