Transportation and Logistics Systems Inc (TLSS)

[OKOYE]

What Is SEC Form 3: Initial Statement of Beneficial Ownership of Securities?
SEC Form 3: Initial Statement of Beneficial Ownership of Securities is a document filed by a company insider or major shareholder with the Securities and Exchange Commission (SEC).


It is an important step to help regulate insider trading, which is an individual’s buying or selling of a security based on material non-public information. Filing Form 3 helps disclose who these insiders are and track any suspicious behaviors.


According to the SEC, disclosure is mandatory. The information provided on the form is meant to disclose the holdings of directors, officers, and beneficial owners of registered companies. This information becomes public record and is, therefore, available for public inspection.