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MFA Statement on U.S. Securities and Exchange Commission Proposed Rule On Beneficial Ownership Reporting

WASHINGTON, D.C. – Managed Funds Association President and CEO Bryan Corbett today issued the following statement following the U.S. Securities and Exchange Commission’s proposed rule on beneficial ownership reporting:

“Active investors help hold corporate management accountable, improve companies, diversify boards, and benefit all investors. It is discouraging to see that the SEC, once again, is attacking active managers and reducing the tools at their disposal to strengthen American markets. The proposed rule diminishes the ability to hold entrenched corporate management accountable, and we look forward to working with the SEC to improve this proposal.”