Katelynn's Report

Katelynn's Report

(US Market)


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What is it: Confidential treatment order is an order to keep certain information confidential for a certain period of time. A company must supply sufficient supporting evidence in order for the confidential treatment application to be approved by the SEC.

Tips: About 1,300~1,400 CT ORDER are filed each year by 800~900 different filers (2008~2014 statistics). CT ORDER can be filed for many reasons. E.g. hide profitable private trading information, current holding information (Form 13F), or pricing arrangement made with a partner. In some cases, a company/investment manager may also use it to hide bad past performance or bad performing stocks.