The Mystery Of The Brokaw Act by The Activist Investor Blog Something doesn’t make sense about this. We wonder whether corporate interests played a couple of liberal Democratic Senators and labor unions into supporting their efforts. In March, Senators Tammy Baldwin (D-WI) and Jeff Merkley (D-OR) introduced the Brokaw Act. The proposed law will change how investors report holdings on Form 13-D, including: shorten the deadline for filing a Form 13-D to two days, from the current ten days include derivative holdings in shares needed to cross the 5% filing threshold require, somehow, multiple hedge funds to disclose coordinated efforts,…
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