Tag Archives: major shareholding

U.S. – SEC Fines 11 Investment Managers for Major Shareholding Reporting Failures

On 17 September 2024, SEC charged 11 investment managers with major shareholding filing failures. SEC charges 11 investment managers with failing to report major shareholding. Two of the firms were also charged with failing to report large trader transactions. Involved Parties Orders filed against Ashton Thomas Private Wealth, LLC, Azzad Asset Management, Inc., Bulltick Wealth…
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Algeria – COSOB Major Shareholding Guidelines

On 14 July 2024, ALG COSOB published guide re major shareholding. ALG COSOB published guidelines on prevention of major shareholding by criminals in  companies whose securities are listed on an exchange or are the subject of an offer of securities to the public. Document dated 14 July 2024, received from ALG COSOB on 24 July…
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Poland – FSA Fines for Shareholding Disclosure Failure

On 18 July 2024, POL FSA imposed a PLN 4mn fine on Perla Browary Lubelskie for not reporting major shareholding. Main Points Perla had increased its shareholding and vote rights in Przedsiebiorstwo Przemyslu Spozywczego SA (PEPEES), without notifying it or POL FSA, between 2016-2018. The changes in the company's share in the total number of…
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China – SZSE Proposes Capital Market Rules: Shareholding

SZSE proposed 6 business rules to improve the investment value of listed companies. Issued answers to reporters' questions about the newly-proposed business rules. Follows CHI CSRC April 2024 published opinions on promoting capital market. Also follows CHI CSRC April 2024 issued opinions to reform delisting system. Reduction of Shareholding Published draft SZSElisted company self-discipline supervision…
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