Six "insiders" of public companies settled charges with the SEC for failing to file reports on their securities holdings and transactions in a timely manner. Five public companies were also charged for contributing to the violations.
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The CFTC Division of Market Oversight extended no-action relief from the ownership and control reporting requirements for reporting entities.
A number of trade groups and industry commenters reiterated their opposition to an SEC proposal to require reporting of large positions in security-based swaps.
The Managed Funds Association criticized the economic analysis included in an SEC proposal to require reporting of large positions in security-based swaps.
In an amicus curiae brief, the SEC supported the right of a beneficial owner to bring a claim involving short-swing profit trading.