Foreign Company Insiders Must Disclose Stock Trades to Protect US Investors.
This law enhances protection for American investors by requiring directors and major shareholders of foreign companies listed in the US to publicly disclose their stock transactions. Previously, these individuals were often exempt from these reporting requirements, potentially leading to unfair practices. The goal is to ensure fair and equal competition in the capital market.
Key points
Stock transaction disclosure requirements are extended to executives and large shareholders of foreign companies listed in the US.
Increases market transparency, helping to protect individual investors from potential insider trading.
The Securities and Exchange Commission (SEC) must issue new implementing regulations within 90 days to carry out these changes.
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