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Discover the Flavours L'Acadie: Chef Shane Robicheau's at Devour! The Food Film Fest | SaltWire - Wall Street's top regulator said on Tuesday it has tightened the timeline for investors to disclose 5% ownership stakes in companies they intend to control, shortening the allowed window from 10 calendar days to five business days.
The SEC proposal, first broached in 2022, angered some activist investors who claimed that having to step forward sooner could make it unprofitable to build the ownership positions they need for successful takeover campaigns.
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