Birdwatch Note Rating
2023-12-16 16:07:39 UTC - NOT_HELPFUL
Rated by Participant: 75D612C7FBE85C1D2E266FF8C4D49A5C65E1D343AFE92223532E721BBB810C39
Participant Details
Original Note:
Unfortunately this is incorrect and is a misunderstanding of US securities law. The 5% reporting threshold only exists for ‘Beneficial ownership’ and not for investors that only have exposure to the price of a security through derivatives contracts. https://www.investor.gov/introduction-investing/investing-basics/glossary/schedules-13d-and-13g
All Note Details