MFA: SEC rule changes would hurt market order

The following is from the MFA...

The Managed Funds Association (MFA) submitted a comment letter to the Securities and Exchange Commission (SEC) on Section 929R of the Dodd-Frank Act, which would permit the SEC to adopt certain changes to the beneficial ownership reporting rules under Section 13(d) of the Exchange Act.

In the letter, we explain that changes to the existing rules could have significant consequences to all investors in public companies and to the orderly functioning of the capital markets, and recommend that the Commission, prior to engaging in any proposed rulemaking, conduct a comprehensive review of the existing beneficial ownership regime and the potential implications of any changes to the regime.

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