Securities Exchange Commission and Wall Street Journal

federal securities: The regulator is focusing on whether some activist investors teamed up to target companies without disclosing their alliances, according to Market Watch. That would violate federal securities rules. The Securities and Exchange Commission has opened an investigation into some activist investor funds, The Wall Street Journal reports. When investors coordinate their efforts, such as when they jointly agree to buy, sell or vote securities they must file disclosures. The SEC has increased its scrutiny of trading disclosures and this initiative is part of a broader effort by the agency to promote transparency, the Wall Street Journal reported sources as saying. A group of investors working together must disclose the arrangement if they together own at least 5% of a company stock or are soliciting votes from other shareholders. (news.financializer.com). As reported in the news.