The Traderszone Network

Published in TZ Latest News 23 July, 2014 by The TZ Newswire Staff

Republican lawmaker to grill U.S. SEC over Ackman tactics

A U.S. lawmaker will pressure the U.S. Securities and Exchange Commission on Thursday to consider a raft of reforms, after William Ackman’s aggressive efforts to take over Allergan Inc raised concerns about loose rules governing disclosure and shareholder voting. Republican Representative Edward Royce of California plans to grill SEC Corporation Finance Director Keith Higgins at a House Financial Services hearing.

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