Tesla (TSLA) CEO Elon Musk’s disclosure on Monday that he acquired a 9.2% stake in Twitter (TWTR) represents just the type of surprise for investors that U.S. regulators may soon curtail.
In February, the U.S. Securities and Exchange Commission proposed a controversial rule change that it says can “modernize” disclosure rules for investors who buy a large block of a public company’s stock. Electronic filing advances since the rule was adopted in 1968, the agency says, make it possible…
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