Series 79 practice questioneasyWilliams Act and Tender Offer Regulation
Under Section 13(d) of the Securities Exchange Act, any person who acquires beneficial ownership of more than what percentage of a class of registered equity securities must file a Schedule 13D?
- A3%
- B15%
- C10%
- D5%✓ Correct answer
Explanation
Why D — 5%
A person or group crossing 5% generally must file Schedule 13D within five business days. The 5% threshold is unchanged; the SEC shortened the initial deadline from 10 to five business days effective February 5, 2024.
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