The SEC requires anyone who acquires more than 5 percent ownership of any class of registered securities to file a Schedule 13D within 10 days, thereby disclosing their holdings and intentions. But the process has come under persistent criticism, as activist hedge funds and similar investors have used the 10-day window to conceal their accumulations. … Continue reading Jones Day Talks: Broken Window – The SEC’s Schedule 13D 10-Day Filing Period →