Freedom Holding Corp (FRHC)

[The_Free_Nebula]

From Investopedia

BREAKING DOWN 'Beneficial Owner'
For example, when shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name, the true owner is the beneficial owner, even though, for safety and convenience, the bank or broker holds title. Beneficial ownership may be shared among a group of individuals. If a beneficial owner controls a position of more than 5%, it must file Schedule 13D under Section 12 of the Securities Exchange Act of 1934.

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What is the 'Schedule 13D'

The Schedule 13D is a form that must be filed with the SEC under Rule 13D. The form is required when a person or group acquires more than 5% of any class of a company's shares. This information must be disclosed within 10 days of the transaction. Rule 13D requires the owner to also disclose any other person who has voting power or the power to sell the security.


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