Tuesday, February 12, 2013

Timing of 13-F Filings Under Review


 13-F Filings Under Review
The investor relations/financial public relations  business has been dramatically transformed by the digital age.  Investors require information when it happens, as it happens.... or else it is "old news."  So why shouldn't public companies, and for that matter, other investors, have access to current shareholder information more quickly than is currently mandated by current SEC regulations?  How often have we heard from potential investors--  "who else owns the stock?"  -- when they are considering taking a position in a public company. We are all judged by the company we keep... or don't keep.  We support the Petition  made by NYSE Euronext, the Society of Corporate Secretaries and Governance Professionals and the National Investor Relations Institute to shorten the reporting period for 13-F filings from 45 days after the end of the quarter to only two days after the end of the quarter.  It’s about time.  Take a look at the Petition that was filed on February 1, 2013 and judge for yourself    https://www.sec.gov/rules/petitions/2013/petn4-659.pdf

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