US SEC Now Requires Activist Investors to Disclose Clients in 13D Filings

The US Securities Exchange now requires activist investors in the US to disclose their clients' identities, according to the 13D filings and proxy statements' updated interpretations that the SEC issued Thursday. The interpretation details when investors are required to submit the filings and the details to be included, based on the volume of shares acquired in a certain company, the document showed.