Search Results for keywords:"beneficial owners"

The New York Stock Exchange LLC proposed a rule change to the Securities and Exchange Commission (SEC). This rule change aims to prohibit member organizations from seeking reimbursement from issuers for sending proxy and other materials to certain beneficial owners who received shares for free or at a reduced price through a broker's promotion. The proposal was initially published in the Federal Register on December 18, 2020. The SEC has decided to extend the period for reviewing this proposal to March 18, 2021, in order to allow more time to consider the feedback received and make an informed decision.

The Securities and Exchange Commission (SEC) is announcing a notice regarding applications for deregistration under Section 8(f) of the Investment Company Act of 1940, specifically for February 2025. A unit investment trust, named FSL Separate Account M, has applied for an order declaring that it is no longer an investment company, as it currently has 96 beneficial owners and does not offer or plan to offer securities. The filing for this application was made on July 1, 2024, and the applicant operates as a private investment fund under section 3(c)(1) of the Act. Public comments or hearing requests can be submitted until March 25, 2025.

The New York Stock Exchange (NYSE) filed a proposed rule change with the Securities and Exchange Commission (SEC). This change involves removing the maximum fee rates for processing and forwarding proxy materials to stock owners and required member organizations to follow fee schedules set by other securities organizations. The SEC had a 45-day period to take action on this rule change after it was published, initially expiring on February 4, 2021. However, the SEC extended this period to March 21, 2021, to allow more time to consider the proposal and the comments received.