SEC Move To Scrap Disclosures Ignites Firestorm From Cos.

Law360 (September 8, 2020, 9:31 PM EDT) -- Public companies are doubling down on their opposition to a U.S. Securities and Exchange Commission proposal to scrap Form 13F disclosure requirements for smaller investment fund managers, citing concerns that resulting reductions in market transparency will hinder communication with shareholders, limit engagement with potential investors and obscure the actions of activist investors.

Global energy and defense product manufacturer Curtiss-Wright Corp. and business advisory firm FTI Consulting joined a growing list of public companies Thursday in filing comment letters opposing the proposed rule, a group that includes Marriott Vacations Worldwide, Six Flags Entertainment Corp. and 230 companies that signed onto a letter from...

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