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Strategies & Market Trends : Buy Berkshire instead of Vanguard S&P (BRKA) -- Ignore unavailable to you. Want to Upgrade?

To: Didi who wrote (214)	2/23/2000 9:23:00 PM
From: Didi	Respond to of 313

SEC Snubs Berkshire on Disclosure - WSJ NEW YORK (Reuters) - The Securities and Exchange Commission has rejected three requests from Warren Buffett's Berkshire Hathaway Inc (NYSE:BRKa - news) for permission to keep certain Berkshire portfolio moves confidential, the Wall Street Journal reported on Wednesday. The ruling forced Berkshire to publicly disclose some recent investment transactions sooner than the company wanted, the Journal reported. The company in the past has used a little-known SEC regulation allowing institutional holders to keep their investing activities from the public for up to a year, the newspaper said. The SEC's decision applies only to Berkshire's requests to keep certain company holdings at the end of the first three quarters of 1999, the Journal said. The filings that are the subject of the SEC ruling involved SEC Form 13F reports that institution investors with more than $100 million are required to disclose at the end of each quarter, the Journal said. Those investors can shield their stock choices from the public for a year if they obtained SEC permission. Investors must show that disclosure of those investment moves could disrupt their investment strategy, the Journal said. Berkshire has in the past used the regulation to cloak some of its more actively traded stocks, while reporting other long-held stocks, the newspaper said. Each of the three 13F-HR documents seeking disclosure delays were denied on February 4, the newspaper said. The amended 13F filings on Tuesday showed that Berkshire accumulated $16.7 million in Microsoft Corp. (NasdaqNM:MSFT - news) preferred Class A shares by the end of the third quarter in 1999. dailynews.yahoo.com