The Williams Act requires Schedule 13D be filed with the SEC within ________ days of obtaining a ________ percent holding in a target firm's stock.
A)5; 10
B)10; 5
C)15; 5
D)5; 15
E)15; 10

Question

Quizplus · Accepted Answer

The Williams Act mandates that Schedule 13D be filed with the SEC within 10 days of acquiring a 5 percent or more ownership stake in a company's stock. This requirement is designed to provide transparency to the market about significant ownership changes.

The Williams Act Requires Schedule 13D Be Filed with the SEC